BondsMedium•2 October 2026•
1 min read
France-Germany Bond Spread Hits Widest Level Since 2012 Debt Crisis
Key Facts
1The OAT-Bund spread widened past 140.6bp, reaching its widest level since the 2012 eurozone debt crisis.
2French 10-year yields surged to 4.935% while German Bund yields fell to 3.529%.
The OAT-Bund spread widened past 140.6 basis points, reaching its widest level since the 2012 eurozone debt crisis. ActionForex reported that French 10-year bond yields surged to 4.935% while German Bund yields fell to 3.529%.
This divergence in yields indicates a specific sovereign risk premium for France, as investors demand significantly more compensation to hold French debt over German benchmarks. The bond market stress has impacted currency markets, with EUR/CHF reversing to around 0.9340 during trading on October 2, 2026.