France pays a 102 basis point premium over Germany, Italy 89.3: Paris's borrowing premium exceeds Rome's by 12.7 basis points

According to Ideal Investisseur data, the France-Germany 10-year yield spread rose by 2.9 basis points from the previous session to 102.0 basis points on 22 September 2026; the French yield was 4.47% and the German yield 3.45%. The spread stood at 84.2 basis points on 7 September, and its range over the past year is 59.0–102.0 basis points. The same day, according to ANSA data at 09:15 (Italian time), the Italy-Germany spread was 89.3 basis points, with the Italian yield at 4.36% and the German yield at 3.47%. QuiFinanza also put the Italian spread at 89 and the French yield at 4.50% at the open, writing that France's spread was the highest among the large euro countries.

Credit default swaps show the same ranking. According to Investing.com data, France's 5-year dollar-denominated CDS stood at 47.19 and Italy's at 39.15 basis points on 21 September; on 17 August these values were 31.24 and 29.36. The gap between the two countries thus widened from 1.88 basis points to 8.04 basis points in a month, and France's premium rose 51.1% over the same period. QuiFinanza attributed the rebound in the Italian yield to Brent rising back above 100 dollars after the fighting in Yemen. Differences of a few basis points in the French and Italian yield data stem from different measurement times.