I do not see 10 Yr French gov. bond yield break the resistance of this bearish canal. Paris CBD offices trade at c.2.7% yield which implies an already compressed spread. Further compression would likely cause a RE crash and a recession. This is true for RE and probably for other sectors too.
Declining yields could result from a variety of factors though i do not beleive in the rosy ones
Declining yields could result from a variety of factors though i do not beleive in the rosy ones