The rise in interest rates by the French state has accelerated for the past two weeks.
This week, the ten-year bond yield crossed the 0.2% threshold when it was still moving between -0.3% and -0.2% at the start of the year.
This return to the green of obligations, after some two years in negative territory, had been anticipated in the budget.
The finance law, passed last December, thus expects a ten-year rate of 0.7% at the end of the year and an average of 0.5% for 2021. If the current pressure remains on rates , the reality could, for once, join this year the expectations, always very cautious and criticized, of Bercy.
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The budget will bear the brunt.
With an average rate of 0.5% over the year, the budgetary debt burden is indeed expected at 37.1 billion euros in 2021, against more than 40 billion in 2018. The current rise in interest rates worried more about the future, especially as if the defenders of an extension
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