US, UK, and French bonds sinking into 'Debt Trap'
US, French and UK government bond markets have passed the point at which market forces alone can rescue them, with yields on all three now at or above the structural growth rate of their economies, raising the risk of a debt trap and, in France's cas
September 30, 2026 (MLN): US, French and UK government bond markets have passed the point at which market forces alone can rescue them, with yields on all three now at or above the structural growth rate of their economies, raising the risk of a debt trap and, in France's case, a financial crisis before the April 2027 presidential election. Stabilising them would require government intervention such as sharp devalua...