French–German bond spread
spread OAT–Bund · also Spread
The gap between France's and Germany's ten-year government borrowing rates; the wider it is, the more extra risk premium investors demand to lend to France.
French government bonds are called OATs (obligations assimilables du Trésor), with maturities from two to 50 years, backed by the credit of the state. The gap between the yields on French and German 10-year government bonds (Bunds) reflects the extra risk compensation investors demand for lending to France rather than Germany; BFMTV uses this gap to gauge the market's distrust of France.
BFMTV reported that on October 20, 2026, the yield on France's 10-year bond rose to 4.96%, against 3.43% for Germany's, the widest gap since the European debt crisis of January 2012.
Sources
- Obligation assimilable du Trésor (Wikipedia (French), accessed 2026-10-22)
- La vente d'obligations françaises devient "massive" (BFMTV, accessed 2026-10-22)
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Last updated 2026-10-22 · 中文詞條 · Suggest a correction