government bonds

French borrowing costs hit highest since 2002 amid protests

France's government bond selloff could drag on, analysts warn, as student protests demanding more spending collide with investors pushing Paris to cut it. Prime Minister Sébastien Lecornu has said the government will present its response to the protests at the…

Eurogroup resists Greece, Italy fiscal flexibility bid

Greece and Italy met resistance on Thursday, Oct. 8, when they asked eurozone finance ministers in Luxembourg for more room in EU budget rules to cushion households and businesses from higher energy costs. The meeting took place as a sell-off…

French bond yields near 24-year high as selloff resumes

Investors sold French government bonds again on Thursday. The 10-year yield rose 6 basis points to 4.931%, close to the 24-year high of 4.994% it reached last Friday, Reuters reported. The gap between French and German 10-year yields widened 4…

Euro hits 16-month low vs pound on French bond fears

France's borrowing costs stayed near 24-year highs on Wednesday, Oct. 7. Concern over the country's public finances ahead of the 2027 presidential election kept pressure on the euro, which fell to a 16-month low against sterling. France's 10-year yield briefly…

Bank of France chief rejects ECB help as spreads widen

The spread between French and German government bonds widened again on Wednesday, Oct. 7. France's budget troubles and protests at home have kept investors selling its debt, while some candidates to succeed President Emmanuel Macron are now openly asking the…

French bond spread widens again as investors flee to Bunds

France has become the main focus of a global government bond selloff. Its borrowing costs have climbed to their highest level since 2002, and investors increasingly treat its debt less like that of a core eurozone country and more like…

10-year Treasury yield hovers near highest since 2007

The 10-year US Treasury yield held near 5.26% early Monday, staying close to its highest levels in nearly two decades. Investors are still pricing in heavy government borrowing and falling foreign demand, even after a weak jobs report eased fears…

Euro sinks to 17-month low on French debt contagion fears

The euro slid to its weakest level in 17 months on Monday, October 5. Investors sold French government debt over the country's budget problems and worried that the trouble could spread to other eurozone bond markets. EUR/USD fell 0.8% in…

French bond yields hit 18-year high as global sell-off deepens

France's 10-year government bond yield surged past 4.3% this week and reached 4.45% by September 11, a level not seen since the 2008 financial crisis, as a punishing global bond sell-off pushes borrowing costs across major economies to multi-decade highs.…

Norway’s $2.3T wealth fund proposes slashing US Treasury holdings

Norges Bank Investment Management, the arm of Norway's central bank that oversees the world's largest sovereign wealth fund, has proposed cutting its government bond allocation from 70% to 50% of its bond portfolio, with U.S. Treasuries bearing the brunt of…

Japan’s 30-year bond auction draws weak demand at 4.1% yield

Japan's 10-year government bond yield breached 3% on Monday for the first time since 1996, sending ripples through global markets and reviving fears that a large-scale unwind of yen carry trades could destabilize the financial system. The milestone came as…

Emerging markets draw ‘wall of money’ as dollar weakens

The MSCI Emerging Markets Index closed out August with its strongest monthly performance in years, propelled by a weakening U.S. dollar after the Treasury Department doubled its planned buybacks of longer-dated government bonds. Analysts now expect a flood of capital…

Japan’s bond yield hits 3% for first time since 1996 amid global selloff

A sweeping selloff tore through global bond markets on Tuesday, driving Japan's 10-year government bond yield to 3% for the first time since 1996 and pushing borrowing costs higher from New York to Frankfurt to Mumbai, as escalating Middle East…

Global bond yields hit multi-decade highs as deficits fuel investor alarm

A synchronized sell-off in government bonds from the United States to Europe and Japan has pushed borrowing costs to levels not seen in more than a decade, unsettling equity markets and raising alarms about the fiscal health of major economies.

Dollar hovers near three-month lows as Treasury buyback fears persist

The US Dollar Index held near three-month lows around 98.80 on Monday, extending losses triggered by the US Treasury's decision last week to double its long-dated bond buyback operations — a move that has unsettled currency markets and revived fears…

Japan bond yields retreat from 30-year highs after U.S. Treasury intervention

Japan's benchmark 10-year government bond yield touched 2.945% on Tuesday — its highest level since September 1996 — before retreating on Thursday after a surprise U.S. Treasury intervention helped calm global debt markets. The approach toward 3% marks a watershed…

Global bonds stabilize as investors await Fed minutes

Global government bond markets steadied on Wednesday after a punishing selloff earlier in the week drove 30-year U.S. Treasury yields to their highest level since 2007 and pushed 10-year yields near levels last seen in early 2025. Investors now turn…

BlackRock warns US yen intervention raises geopolitical risk

BlackRock warned on Thursday that the U.S. decision to sell euros to support Japan's yen without notifying European policymakers is adding to geopolitical risks and diminishing the appeal of longer-maturity government bonds.

Weak Japan bond auction deepens fears after US-yen intervention

Washington and Tokyo's rare joint intervention to support the Japanese yen has thrust the world's largest government bond market into the spotlight, as investors weigh whether Japan — the biggest foreign holder of US Treasurys — will continue to finance…

Chinese gov’t bond futures begin trading in Hong Kong

Chinese government bond futures began trading in Hong Kong on Monday, giving international investors their first offshore tool to hedge exposure to the world's second-largest sovereign debt market and marking Beijing's third attempt to establish the product outside the mainland.

Japan 2-year bond yield hits 31-year high on BOJ rate hike expectations

Japan's two-year government bond yield rose to 1.5% on Thursday, a level not seen since 1995, as markets priced in the likelihood that the Bank of Japan will raise interest rates faster than previously expected. The move came one day…

Japan’s 10-year bond yield hits highest since 1996

Japan's 10-year government bond yield surged to its highest level in nearly 30 years on Thursday, as investors grow increasingly uneasy about the country's fiscal trajectory under Prime Minister Sanae Takaichi and brace for further interest rate increases from the…

Japan’s bond yields hit multidecade highs on fiscal fears

Japan's benchmark 10-year government bond yield climbed to around 2.675% on Monday, rising for a third consecutive session as investors grappled with mounting fiscal spending plans and the fallout from the Bank of Japan's recent rate hike to a 31-year…