Economy
Euro slides as French spreads widen
After the ECB's hike to 2.5%, France's 10-year spread over Germany tops 130 basis points.
In the Daily Brief of 11 October 2026
After the European Central Bank raised rates to 2.5 percent in September, the euro is heading for a fifth consecutive weekly loss, and the spread of France's 10-year bond over Germany's has widened beyond 130 basis points.
Tighter monetary policy combined with wider sovereign spreads raises funding costs for European banks.