Romania borrows at interest rates above 7% / S&P to decide rating on October 2

Romania is borrowing again at interest rates similar to those in December 2024, when the country was adrift, first as a result of Călin Georgescu, considered an extremist, winning the elections, and then because of the elections being annulled. More precisely, we are once again paying over 7% on ten-year bonds, a level that can only be compared with that of countries already in the junk category, not recommended for investment.

“The state borrowed for approximately 10 years at 7.09% on September 3. It is not an isolated day: over the past 4–8 weeks, the 10-year yield has risen by several dozen basis points, while the German Bund is around 3.3% and the 10-year U.S. Treasury is close to 4.8%,” Adrian Codîrlașu, president of CFA Romania, tells Economica.