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NAB Morning Call · Oct 1, 2026 · 16m

Friday 2nd October 2026

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France's escalating budget woes and fiscal watchdog criticism have sent sovereign bond markets into a tizzy, causing French-German yield spreads to widen sharply. On today's edition of the NAB Morning Call, Phil Dobbie and NAB's Ken Crompton break down these mixed global signals—from France's budget strain to rising US manufacturing prices and mortgage rates hitting 7.28%. Despite lower US Treasury yields following a brief flight to quality, the US dollar remains firm while…