{"id":694203,"date":"2026-01-28T04:34:12","date_gmt":"2026-01-28T04:34:12","guid":{"rendered":"https:\/\/www.europesays.com\/fr\/694203\/"},"modified":"2026-01-28T04:34:12","modified_gmt":"2026-01-28T04:34:12","slug":"les-marches-allegent-la-pression-sur-la-dette-francaise","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/fr\/694203\/","title":{"rendered":"Les march\u00e9s all\u00e8gent la pression sur la dette fran\u00e7aise"},"content":{"rendered":"<p>\n    <strong>D\u00c9CRYPTAGE <\/strong>&#8211; Dans la foul\u00e9e du recours \u00e0 l\u2019article 49.3 de la Constitution pour faire adopter le budget, le \u00abspread\u00bb, un indicateur de la confiance des investisseurs dans la dette fran\u00e7aise, s\u2019est fortement resserr\u00e9.<\/p>\n<p class=\"fig-paragraph\">Serait-ce \u00ab\u00a0l\u2019effet 49.3\u00a0\u00bb\u00a0? Le budget n\u2019est pas encore d\u00e9finitivement adopt\u00e9, et pourtant la d\u00e9cision du gouvernement<a href=\"http:\/\/www.lefigaro.fr\/politique\/budget-le-gouvernement-lecornu-echappe-a-une-premiere-motion-de-censure-20260123\" data-fig-type=\"NewsFlash\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" rel=\"nofollow noopener\" target=\"_blank\">\u00a0de recourir \u00e0 cet article de la Constitution<\/a>\u00a0semble avoir des cons\u00e9quences d\u00e9j\u00e0 observables sur le march\u00e9\u00a0<a href=\"http:\/\/www.lefigaro.fr\/conjoncture\/la-dette-publique-de-la-france-grimpe-a-3482-milliards-d-euros-sur-fond-d-impasse-politique-20251219\" data-fig-type=\"NewsFlash\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" rel=\"nofollow noopener\" target=\"_blank\">de la dette<\/a>. L\u2019\u00e9cart de taux d\u2019int\u00e9r\u00eat \u00e0 dix ans entre la France et l\u2019Allemagne (le \u00ab\u00a0spread\u00a0\u00bb) n\u2019avait pas connu un niveau si faible depuis juin 2024, le mois de l\u2019annonce de la dissolution de l\u2019Assembl\u00e9e nationale par Emmanuel Macron. En quelques jours seulement, cet indicateur tr\u00e8s scrut\u00e9 de la confiance des investisseurs dans la dette fran\u00e7aise est pass\u00e9 sous la barre des 60 points de base. Ce mardi 27 janvier, il \u00e9voluait autour de 56 points en fin de journ\u00e9e. Apr\u00e8s un pic \u00e0 3,62\u00a0% le 22 d\u00e9cembre, p\u00e9riode \u00e0 laquelle les doutes quant \u00e0 la capacit\u00e9 de survie du gouvernement \u00e9taient grands, le taux d\u2019int\u00e9r\u00eat \u00e0 dix ans de la France est ainsi revenu \u00e0 3,43\u00a0% ce mardi. Celui de l\u2019Allemagne \u00e9tait \u00e0 2,87\u00a0%.<\/p>\n<p class=\"fig-paragraph\">Et pourtant, la France ne brille gu\u00e8re\u00a0<a href=\"http:\/\/www.lefigaro.fr\/conjoncture\/comment-le-gouvernement-compte-atteindre-la-cible-de-5-de-deficit-malgre-ses-nouvelles-concessions-au-ps-20260118\" data-fig-type=\"Article\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" rel=\"nofollow noopener\" target=\"_blank\">par le r\u00e9\u00e9quilibrage\u2026<\/a><\/p>\n<p class=\"fig-premium-paywall__infos\">\n        Cet article est r\u00e9serv\u00e9 aux abonn\u00e9s.        Il vous reste 78% \u00e0 d\u00e9couvrir.\n    <\/p>\n<p>                <img  data- alt=\"Le Figaro\" class=\"fig-img--complete fig-img\"\/><\/p>\n<p class=\"fig-premium-paywall__title\">Vente Flash<\/p>\n<p class=\"fig-premium-paywall__subtitle\">6,49\u20ac par mois pendant 12 mois<\/p>\n<p class=\"fig-premium-paywall__connect\">\n                D\u00e9j\u00e0 abonn\u00e9\u00a0?                <a class=\"fig-premium-paywall__connect-link\" href=\"https:\/\/connect.lefigaro.fr\/login?client=horizon_web&amp;type=main&amp;redirect_uri=https%3A%2F%2Fwww.lefigaro.fr%2Fconjoncture%2Fles-marches-allegent-la-pression-sur-la-dette-francaise-20260127\" data-js-gtm=\"{&quot;customCategorie&quot;: &quot;conversion&quot;, &quot;customAction&quot;: &quot;before_Landing_Connexion_paywall_auto&quot;, &quot;customLabel&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMGZiNmJhLWVjNGItNjcyNi05OWFhLWY3NDM5ZDc1ZDFlNF9fTmV3c0ZsYXNo_Les march\u00e9s all\u00e8gent la pression sur la dette fran\u00e7aise_47&quot;, &quot;customIDSPE&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMGZiNmJhLWVjNGItNjcyNi05OWFhLWY3NDM5ZDc1ZDFlNF9fTmV3c0ZsYXNo&quot;, &quot;event&quot;: &quot;customEventSPE&quot;}\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n                    Connectez-vous<br \/>\n                <\/a>\n            <\/p>\n","protected":false},"excerpt":{"rendered":"D\u00c9CRYPTAGE &#8211; Dans la foul\u00e9e du recours \u00e0 l\u2019article 49.3 de la Constitution pour faire adopter le budget,&hellip;\n","protected":false},"author":2,"featured_media":694204,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[6],"tags":[1003,35,6327,33,34,1011,27],"class_list":["post-694203","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economie","tag-budget","tag-business","tag-dette","tag-economie","tag-economy","tag-fr","tag-france"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@fr\/115970864823785198","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/694203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/comments?post=694203"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/694203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media\/694204"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media?parent=694203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/categories?post=694203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/tags?post=694203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}