The United States, UK, France’s bond returns are higher amid national debt fears

It will open the treasury bonds for 30 years Breathing out of 5 % Today, one of its highest levels this year, after a sharp rise since the end of last month. Although the revenues that pay above are a sign of a sale, there is another commercial activity. This has also increased, as it increased about 19 % on an annual basis at the end of August, according to Saifma securities.

But the discomfort is not limited to America alone. In Europe, French government bonds – asmilles du trésor or oats – paralyzed It increased towards 5 % return It sits 4.49 % at the time of writing this report, which represents its highest level since 2009.

It can be said that the UK feels more ended 30 years Gilts Payment above 5.7 %, its highest level since the spring of 1998.

At the same time, it struck gold, which is the origins of safe haven in times of economic turmoil, a A record price of $ 3,537.

One of the reasons why investors return to government debt is concerns about their sustainability. For years, economists were nervously monitoring debt rates to the electronic result of advanced economies, which means that countries do not generate growth to keep pace with the borrowing they funded.

If this percentage is known for balance, or if investors do not see any signs of the governments dealing with this issue, then experts are afraid that there will be a journey of government securities where buyers require higher return installments in exchange for debt purchasing. This may cause a set of results, either the central banks are forced to intervene to reduce the width of money or political pressure that escalates to the significant reduction in costs.

Desmond Lashman, an older colleague at the Institute of American Institutions, said that investors will not be compensated by pressure from the Oval Office to continue the purchase as well. He said luck in Exclusive interview last month: “A comment I think is great is: one thing in the bond market is that they cannot be prepared. In the bond markets, the money will move. People only want to protect their money; they are not afraid of being intimidated by Trump if you do not add the numbers.”

German bank Customers this morning it was observed that the French deficit, which works at 5.6-5.8 % of GDP in 2025, is higher than the official 5.4 % goal, which raises concerns about debt sustainability. Likewise in the United Kingdom, Jim Reed from Deutsche indicated that the government has a budget gap from 20 to 25 billion pounds to fill it by November, which increases questions about the extent of the seriousness of global governments to spend.

Federal Reserve Question

The image in the United States is a little more complicated, but it is confident in the basics of the American economy. Reid also notes: “The concerns related to the independence of the federal reserve contributed to the movements of the bond market. A hearing began in the second court yesterday about whether President Trump could temporarily prevent the rejection of the Federal Reserve Governor Lisa Cook … earlier, nearly 600 economists signed an open speech in Cook’s defense, while FHFA manager Bill Police continued accusations of defending the mortgage.”

Meanwhile, Treasury Secretary Scott Besent confirmed that the search for the successor of the Powell Carrgy of the Federal Reserve is already underway …

As Bessent and Trump continues to pressure the Federal Reserve for low interest rates – and with economic data that indicates that this may be appropriate soon – the revenue in the shorter end is to reduce the anticipation of the cheapest borrowing.

5 years returns, for example, At 3.74 % It dramatically decreased from the time earlier this year when they sat with more than 4.6 %.

Goldman Sachs pointed to the expansion of the gap between the long and long -term returns in the long run, as customers wrote on Friday: “Despite the relative stability in the front end of the United States curve, the pricing continued to reduce in 2026, along with the high risk bonus at the long end.”

John Cannavan of Oxford Economic Note yesterday said: “He also argues the exhibition pressures by oud pressure on the term premiums. The Treasury Secretary Scott Payet suggested that the Treasury Ministry avoid increasing the volume of long treasury bonds unless it decreases unless the rates decrease, but the treasury still needs to increase much of what is increasing from 10 and interconnected every month.

“Market participants may expect some comfort in the recent Congress budget office that the increase in customs tariffs will reduce the deficit over the next ten years with a total amount of about 4 Americans, but we believe that the effective tariff rate will be less than that that CBO is supposed, which means that the impact on the deficit will be smaller.

Fortune Global Forum Returns 26 to 27 October, 2025 in Rydah. Executive chiefs and world leaders will meet for a dynamic event for the call only forms the future of business. Apply for an invitation.