Business
Long-term borrowing rates in the U.S. and France reach historic highs
Long-term interest rates on sovereign bonds in the U.S. and France are sharply rising, raising concerns about public debt management.
Since Tuesday, the interest rate on long-term public debt in the United States has reached its highest level since June 2007, raising concerns about the cost of debt, according to Le Journal de Montréal.
BFM Business reports that the rates on 30-year sovereign bonds are rising overall, driven by inflation, geopolitical tensions, and persistent public deficits.
In France, the borrowing rate for public debt has also surged, reaching 4.2% on August 18, a level not seen since 2008. This increase fits into a global context of rising credit costs for states.
Experts emphasize that this trend could continue, as inflation fears are fueled by ongoing conflicts in the Middle East, according to BFM Business.