February 12, 2026
Afbeelding van Markus Spiske via Unsplash
Spreads on European government bonds are at their lowest level since 2008. Peripheral countries are benefiting from structural growth and European subsidies, while core countries such as France and Germany are weakening. Investors are wondering how much of this convergence will remain if the carry trade reverses.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.
