Franklin Templeton’s fixed-income team, led by global CIO Sonal Desai, warned sustained selling of French government bonds could escalate into a eurozone debt crisis potentially more severe than the crisis of the early 2010s and said markets are unprepared. On Tuesday the 10-year French yield premium to German Bunds topped 150bps for the first time since January 2012. Desai said France — the eurozone’s second-largest economy (GDP ~€3.0t) with roughly €3.6t of debt — would present a far larger st

On Oct. 20 Israel defence minister Katz said if Hezbollah participates in an Iranian attack on Israel the IDF will seize more Lebanese territory. He said since the IDF resumed operations against Hezbollah in March it has taken about 700 sq km in southern Lebanon, displaced roughly 200,000 Shi'ite residents, destroyed more than 60 villages and about 23,000 homes, and demolished underground tunnels and other infrastructure. Katz said the IDF would expand control in southern Lebanon and is prepared to take additional land around Nebetiyeh and the Litani River if Hezbollah joins an Iranian strike, and that Israeli forces will not withdraw from occupied areas until Hezbollah is disarmed across Lebanon.

芬蘭總統：美國保持參與非常重要。