Skip to Navigation Skip to Posts Skip to Content
🇪🇺 France pays a growing premium over Germany, even in three-month bills
The day in view

🇪🇺 France pays a growing premium over Germany, even in three-month bills

Macro Soup Newsroom Macro Soup Newsroom 3 min read

French borrowing costs are now running above Germany's even in three-month bills, with the 10-year OAT-Bund spread near 70 basis points as investors price in a fiscal risk premium ahead of Thursday's eurozone inflation data.

Grid of 16 video conference participants including Isabel Schnabel in the top row.
ECB Executive Board member Isabel Schnabel discussed monetary policy, oil markets and economies' ability to adapt to shocks with German-speaking economists ahead of her Münster address. Source

Read next

Featured Post The day in view

📰 Daily Macro Roundup: 2026-07-13

3 min read
Paid Post The day in view

🇨🇳 China's AI export boom masks a consumer economy that's still shrinking

3 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.