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UBS CEO warns: French debt crisis requires "tough measures," 10-year government bond yield reaches 4.7689%.
UBS CEO Sergio Ermotti said on Tuesday that France's worsening debt crisis requires "tough measures" to address, and "small, incremental changes" will not be enough to solve the massive debt problem.
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European bond markets are experiencing the most severe sell-off among major economies, with UK, Italian, and French government bonds dragged down by energy shocks and political risk concerns.
Spiraling natural gas prices and rising political risks are accelerating a sell-off in European bond markets, making it the most intense among major economies in recent weeks.
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UBS CEO warns: French debt crisis requires "tough measures," 10-year government bond yield reaches 4.7689%.
UBS CEO Sergio Ermotti said on Tuesday that France's worsening debt crisis requires "tough measures" to address, and "small, incremental changes" will not be enough to solve the massive debt problem.
-
European bond markets are experiencing the most severe sell-off among major economies, with UK, Italian, and French government bonds dragged down by energy shocks and political risk concerns.
Spiraling natural gas prices and rising political risks are accelerating a sell-off in European bond markets, making it the most intense among major economies in recent weeks.
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