The Transatlantic Rate Divergence
This is the table worth watching.
table: Interest Rates 2025
US 10-year Treasury down 42bps. German Bund up 50bps. French OAT up 36bps. Italian BTP flat.
Two central banks, two different paths. The Fed is cutting. The ECB is stuck — inflation stickier, fiscal concerns in France, Germany struggling but yields rising anyway.