Archive · 4 Oct 2026
French Economist Says Easy Money Era Is Ending
A French economist named Landau says the time of easy money is ending.
He expects interest rates to stay high.
Government bond yields have risen in several countries.
In the United States, the 10-year yield increased by 49 basis points in one month.
It reached 5.27%, its highest level since 2002.
Yields also rose in France, Italy and the United Kingdom.
India’s 10-year yield went up about 25 basis points.
The article says India’s rise largely followed global changes amid the West Asia crisis.
French economist Landau says the era of easy money is ending and interest rates will remain high.
The US 10-year government bond yield rose 49 basis points in the past month to 5.27%.
The US yield is at its highest level since 2002.
Over the same period, 10-year yields rose 67 basis points in France, 46 in Italy and 25 in the UK.
India’s 10-year yield rose about 25 basis points, largely tracking global moves amid the West Asia crisis.
- Who
- French economist Landau and investors pricing in more risks.
- What
- Landau says the easy-money era is ending and interest rates will stay high; 10-year government bond yields have risen across several countries.
- When
- The yield changes cited cover the past one month.
- Where
- The United States, France, Italy, the United Kingdom and India.
- Why
- Investors are pricing in more risks; India’s yield rise is described as largely tracking global moves amid the West Asia crisis.
Lower-rate outlook
Higher-rate outlook
Direction of interest rates
Lower-rate outlook
The article does not present a case for rates falling.
Higher-rate outlook
Landau says the easy-money era is ending and interest rates will stay high.
- US 10-year yield
- 5.27%, up 49 basis points in the past month
- US yield benchmark
- Highest since 2002
- France 10-year yield
- Up 67 basis points
- Italy 10-year yield
- Up 46 basis points
- UK 10-year yield
- Up 25 basis points
- India 10-year yield
- Up about 25 basis points
- Economist’s view
- The easy-money era is ending, and interest rates are expected to stay high