Widening French Bond Spreads and Eurozone Fiscal Risks
- 1The spread between 10-year French government bonds and German government bonds widened to approximately 150 basis points.
- 2The case of the Italy-Germany spread exceeding 500 basis points during the sovereign debt crisis was mentioned.
- 3With Spain's debt-to-GDP ratio at 100%, the minority government called for an early general election yesterday.
So what's the key point?
The interest rate gap between French and German government bonds has widened. This suggests that the fiscal situations of European countries could become unstable.
Source Zero Hedge +1 · View original ↗
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