Two costs rose at once for European companies: energy, with Brent back above $100, and borrowing, with French yields near 4.85% lifting the benchmark that banks, utilities and property companies in the euro area fund…
The move in French debt matters most to banks and insurers that hold it and to French companies whose borrowing costs follow the sovereign; it reverses part of the sell-off that took the CAC 40 to a six-month low on…
The split shows the bond selloff is now a country story inside Europe. Higher French government yields raise funding costs for French banks, insurers and heavily indebted companies and lower the value of the sovereign…
The week's pattern shows where higher yields are landing in Europe. Banks, which usually earn more when rates go up, had their worst week since April because investors are weighing the damage to borrowers and the…
Gilt yields set the base for UK borrowing costs. Banks and insurers are exposed through their bond holdings and through mortgage and annuity pricing; housebuilders and property companies through mortgage rates and the…
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