French 10-year bond yields approached 5%, with the spread over German bunds widening to about 150 basis points, while 20-year and 30-year risk premiums rose to around 160 basis points.
Jin1010/21, 10:56 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
EUR
Would push down
DaysLow confidence
Widening French-bund spread raises eurozone fiscal risk, which can weigh on EUR
Gold
Would push up
DaysLow confidence
Rising eurozone sovereign stress can lift safe-haven demand for Gold
What could change this
A credible French fiscal plan or ECB intervention could narrow the spread and ease pressure on EUR.
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