法国10年期政府债券收益率跃升至3.6%，为3月中旬以来的最高水平，而30年期借贷成本攀升至2011年以来的最低水平，反映出整个欧洲的财政担忧日益加剧。就在九个月前由马克龙总统任命的总理弗朗索瓦·贝鲁上周呼吁国民议会于9月8日进行信任投票，这让全国感到惊讶。他的前景似乎不确定，越来越多的人反对他提出的2026年预算冻结和取消两个公共假日的建议，这些措施引起了政治各界的批评。在其他地方，投资者对欧洲不断扩大的国防开支和德国计划的基础设施投资的担忧正在加剧。与此同时，8月份欧元区通胀率加速至2.1%，略高于市场预期和欧洲央行2%的目标，强化了人们对央行将在下周会议上维持利率的预期。

France’s 10-year government bond yield jumped toward 3.6%, its highest since mid-March, while 30-year borrowing costs climbed to levels not seen since 2011, reflecting mounting fiscal concerns across Europe. Prime Minister François Bayrou, appointed by President Macron just nine months ago, surprised the nation last week by calling a confidence vote in the National Assembly for September 8. His prospects appear uncertain, with growing opposition to his proposals for a 2026 budget freeze and the abolition of two public holidays—measures that have drawn criticism across the political spectrum. Elsewhere, investor concerns are rising over Europe’s expanding defense spending and Germany’s planned infrastructure investments. Meanwhile, eurozone inflation accelerated to 2.1% in August, slightly above both market expectations and the ECB’s 2% target, reinforcing expectations that the central bank will maintain interest rates at next week’s meeting.