• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

French debt stress threatens to spill over into Spain, Roams expert says

FinanceInternationalOkDiario35 s readAI summary
Image: OkDiario

The yield on the French 10-year bond has reached 5.11%, its highest level since 2002, and its risk premium over Germany has climbed to 173.58 basis points, the highest since 2011. Spain's risk premium has risen to 71 points. Pablo Vega, an expert at Roams, warns that contagion exists, although investors still distinguish between the two economies based on fundamentals: France combines a high deficit, debt near 119% of GDP and political deadlock.

In 35 seconds

  • The French 10-year bond yields 5.11%, the highest since 2002, and its risk premium over Germany reaches 173.58 basis points
  • Spain's risk premium rises to 71 basis points, far below France's
  • Santander holds about 9 billion euros in French bonds, CaixaBank about 8.4 billion and BBVA close to 3.9 billion
Read the full story at OkDiario

IASummary generated by artificial intelligence from a story by OkDiario. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading