The Belgian ten-year rate fell on Tuesday to 1.28%, its lowest level since April. It was still close to 2.5% in mid-June. Analysts are increasingly expecting a recession in Europe, due in particular to the ECB’s rate hikes. The German bund for its part fell below 0.7% on Tuesday, whereas it reached 1.76% just before the summer.
The fall in the long-term rate is good news for the Treasury and property buyers, since the State can raise money at lower cost on the markets and the cost of mortgage loans should fall.
