Both the US and France Have Big Deficits. But There’s One Big Difference
Published . Updated .
This report is about US interest rates and France.
Directly affected
- No company is named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond ETF-1.8% 30d
iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story.
- IEF iShares 7-10 Year Treasury Bond ETF-0.9% 30d
iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story.
- EWQ iShares MSCI France ETF-6.5% 11d
iShares MSCI France ETF holds stocks listed in France, which this story is about (“france”).
- JPM JPMorgan Chase-5.5% 30d
JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story.
- BAC Bank of America-15.0% 30d
Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story.
- DHI D.R. Horton+5.1% 30d
D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story.
- SCHW The Charles Schwab
The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| TLT | -1.92% | +0.06% | base | -0.14% | after close | after close | after close |
| IEF | -0.97% | +0.09% | base | -0.02% | after close | after close | after close |
| EWQ | +0.93% | +0.69% | base | +0.67% | after close | after close | after close |
| JPM | +0.37% | +0.74% | base | +0.44% | after close | after close | after close |
| BAC | +0.22% | +1.07% | base | -0.07% | after close | after close | after close |
| DHI | -4.42% | +0.78% | base | -0.92% | after close | after close | after close |
| SCHW | +1.26% | +1.90% | base | -0.37% | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Both the US and France Have Big Deficits. But There’s One Big Difference Bloomberg.com
Source: Bloomberg
Ishares Tr (TLT) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Bank Of America (BAC) | that day | -0.07% | still updating |
| Bank Of America (BAC) | three days earlier | +1.07% | final price |
| Bank Of America (BAC) | five days earlier | +0.22% | final price |
| Horton D R (DHI) | that day | -0.92% | still updating |
| Horton D R (DHI) | three days earlier | +0.78% | final price |
| Horton D R (DHI) | five days earlier | -4.42% | final price |
| Ishares (EWQ) | that day | +0.67% | still updating |
| Ishares (EWQ) | three days earlier | +0.69% | final price |
| Ishares (EWQ) | five days earlier | +0.93% | final price |
| Ishares Tr (IEF) | that day | -0.02% | still updating |
| Ishares Tr (IEF) | three days earlier | +0.09% | final price |
| Ishares Tr (IEF) | five days earlier | -0.97% | final price |
| Jpmorgan Chase (JPM) | that day | +0.44% | still updating |
| Jpmorgan Chase (JPM) | three days earlier | +0.74% | final price |
| Jpmorgan Chase (JPM) | five days earlier | +0.37% | final price |
| Schwab Charles (SCHW) | that day | -0.37% | still updating |
| Schwab Charles (SCHW) | three days earlier | +1.90% | final price |
| Schwab Charles (SCHW) | five days earlier | +1.26% | final price |
| Ishares Tr (TLT) | that day | -0.14% | still updating |
| Ishares Tr (TLT) | three days earlier | +0.06% | final price |
| Ishares Tr (TLT) | five days earlier | -1.92% | final price |
Trades by members of Congress and officials in the stocks in this story
- Sen. John Boozman bought Ishares Tr (IEF) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 48 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM) (held by a spouse), worth $15,001 - $50,000 on 4 Sep 2026. That is 53 days before publication. Filed 1 Oct 2026. View the filing.
- Sen. Sheldon Whitehouse sold Jpmorgan Chase (JPM), worth $15,001 - $50,000 on 4 Sep 2026. That is 53 days before publication. Filed 1 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Jpmorgan Chase (JPM) (held by a spouse), worth $100,001 - $250,000 on 27 Aug 2026. That is 61 days before publication. Filed 4 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Bank Of America (BAC) (held by a spouse), worth $1,001 - $15,000 on 9 Sep 2026. That is 48 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Laurel Lee sold Bank Of America (BAC) (held by a spouse), worth $50,001 - $100,000 on 24 Aug 2026. That is 64 days before publication. Filed 16 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Horton D R (DHI), worth $15,001 - $50,000 on 17 Aug 2026. That is 71 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TLT)
Companies carried with this story
- TLT Ishares Tr
Ishares Tr (TLT) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Both the US and France Have Big Deficits. But There’s One Big Difference.” Reason on file: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story
- IEF Ishares Tr
Ishares Tr (IEF) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Both the US and France Have Big Deficits. But There’s One Big Difference.” Reason on file: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story
- EWQ Ishares
In “Both the US and France Have Big Deficits. But There’s One Big Difference,” Ishares (EWQ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI France ETF holds stocks listed in France, which this story is about (“france”)
- JPM Jpmorgan Chase
For “Both the US and France Have Big Deficits. But There’s One Big Difference,” Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence. Reason on file: JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story
- BAC Bank Of America
Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Both the US and France Have Big Deficits. But There’s One Big Difference.” Reason on file: Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story
- DHI Horton D R
For “Both the US and France Have Big Deficits. But There’s One Big Difference,” Horton D R (DHI) is linked, with no stored direction, medium confidence. Reason on file: D.R. Horton (operative builders): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story
- SCHW Schwab Charles
Schwab Charles (SCHW) is linked, with no stored direction, medium confidence in the 27 Oct 2026 story “Both the US and France Have Big Deficits. But There’s One Big Difference.” Reason on file: The Charles Schwab (security brokers, dealers and flotation companies): rate changes move lenders' margins and borrowers' demand. Linked by “deficit” (US interest rates) in this story
Ishares Tr (TLT)
Ishares Tr (TLT) is the company in “Both the US and France Have Big Deficits. But There’s One Big Difference,” the 27 Oct 2026 this story story.
The link for Ishares Tr (TLT) is this: iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story
A second company, Ishares Tr (IEF), is listed for a different reason: iShares 7-10 Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “deficit” (US interest rates) in this story
The price range for Ishares Tr (TLT), and the dates in the story
EWQ traded between 40.92 and 44.72 across 11 sessions. The latest close on file is 41.61. IEF traded between 88.64 and 91.23 across 20 sessions. The latest close on file is 90.08. TLT traded between 76.44 and 81.94 across 20 sessions. The latest close on file is 79.46.
A simple score for Ishares Tr (TLT)
46 out of 100Price not final
“Both the US and France Have Big Deficits. But There’s One Big Difference” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.