French Bonds Tumble As Left-Wing Coalition Sparks More Le Pen Anxiety

Tyler Durden's picture

The French presidential election campaign just proved that 'two wrongs do not make a right'.

French bonds tumbled relative to Bunds as Bloomberg reports, Socialist Party presidential candidate Benoit Hamon said he’s holding further talks with far-left candidate Jean-Luc Melenchon about a potential single candidacy.

A merger could bring about a showdown with Marine Le Pen’s anti-euro National Front, with the latest polls showing the combined vote share of the two candidates would see them qualify for the second round of voting in May.

And Le Pen's odds are rising on the news of the potential merger...

 

And the reaction is clear... French bond risk is resurging...

“This is clearly not a positive for French bonds,” said Kim Liu, a strategist at ABN Amro Bank.

It increases the odds of a Le Pen victory, with French bonds already being very vulnerable to political risks. It’s too early to call if this is a game changer as we do not know how serious the merger talks are, but certainly this is not something the market is waiting for.

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buzzsaw99's picture

germany gets zirp while france and italy get fukked

Takeaction2's picture
Takeaction2 (not verified) buzzsaw99 Feb 17, 2017 10:10 AM

Off Topic...but huge.  McCain and Maxine Waters get prank called by Russian Comedians posing as UKRAINE Prime Minister...and talk about shit they should NOT BE SAYING.

DONALD...YOU SEE THIS....TALK ABOUT THIS THE NEXT CHANCE YOU GET....

http://www.theamericanmirror.com/audio-john-mccain-shares-insider-info-p...

.

.

These Old fucking dead wood morons...idiots...too old...this is why we need term limits.  These people running our country need to be in a home.....We are so COMPROMISED.  These traitors will throw us under the bus at any moment. WAR HERO?...FUCK YOU.

LawsofPhysics's picture

I am sure that the "intelligence" community will jump right on that.

wildbad's picture

high fucking larious!

Great link. "Defensive Lehtal Weapons"

McCain must be drawn and quartered THEN the four parts tarred and feathered.

Waters is the most confused and obvious reason why affirmative action can lead to disaster.

I wish someone would dis asst her

dogismycopilot's picture

Fucking France is being burned down by Muzzie Mobs and it is crickets in the Western media. 

EuroPox's picture

Well I don't know what you are reading but it is clearly fake news!  At this point it is only Paris that is being burned to the ground by the muzzie scum, not the whole of France.  Next is probably Lyons and other cities with a muzzie majority ... then it will be the whole of France.  But it will take some time - so far they haven't even managed to get the whole of Sweden!

Au revoir Paris....

GunnerySgtHartman's picture

Marine Le Pen, France's version of Donald Trump!  The Trump/Le Pen train is rolling!

Mario55's picture

Unfortunately not, Marine Le Pen brings more taxes...

Disgruntled Goat's picture

We will all soon know just how many worthless Greek bonds the big French banks own. 

CuttingEdge's picture

None - The ECB took them off the hands of the French and German banks at the start of the Greek tragedy, remember?

LawsofPhysics's picture

no worries, the american taxpayer will bailout/bail-in europe again...

..all the while the free money (NIRP/ZIRP) keeps flowing to the people in banking and finance.

You would think that the French, of all people, would know how to respond to such "let the majority eat cake" monetary experiments.

Winston Churchill's picture

As long as its "let them eat snails", alls good.

Memedada's picture

That 'game' is mutual. When the FED takes a break from hyerinflating the ECB steps in...

And the flow of fiat ends in the pockets of the 0,01 %. The owners/capitalists of the world.

Memedada's picture

Forgot IMF (SDR's) and BOJ. It's a big Ponzi...;-)

LawsofPhysics's picture

Yes, increasing at an exponential rate. Global fucking Weimar.

zvzzt's picture

"...  owners/capitalists...."

No, just the owners. Capitalists have been disgusted with the markets, policies and interventions since 2007. Capitalism is not a dirty word. 

Dilluminati's picture

One of the things I was taught as a member of a management team for a corporation was to ask the question: ok what does this mean next?

And to explain, we did corporate minutes and essentially our meetings were about burn-rate, how much were we spending R&D versus float and by percent where were we at in respect to goals, think scrum before scrum or agile.

Well anyway as I reflected last week about the liberals delaying and obstruction tactics I thought: what next?

I now assume that Europe after witnessing the Brexit being delayed, and the 9th circuit interfering with the immigration temporary ban, that other nations who are not equally happy with globalism, open borders, and the elites (big business and monopoly) interests of the 1% are now "more determined" than ever to get the change that the people of the democracy want that is at odds with the "establishment" or elites.

The Brexit was a squeaker, Trump won by an electoral vote landslide, but what happens next in Europe (in part due to the unwillingness of the eliets that 1% and their proor decorum) will not even be close.  Germany, France, and any other nation is in for change and Greece has about zero chance in hell of getting IMF concessions, Italy pragmatically goes it alone.

My what next answer is that people want out and that what happened in the UK and USA created a frenetic atmosphere that will assure the destruction of the EU.  It wasn't as if this was an "option" but instead democracy delayed is democracy denied, and you will see blowback of a greater percentage due to an unwillingness of the sore losers to accept the results of the elections.  It is as if: the poor losers/sore losers in the UK and USA on the left just piled on more reasons to vote for liberation in Europe and it illsutrated how unethical the globalist/elites are.

I'm alligning all assumptions on this, and yes I donated and never doubt that Trump would win.

I find the MSM denial and dead-ender narative interesting and predict here correctly the blowback in upcoming elections will happen.

People don't like being asked to have an election and then that referendum being ignored.

Again justice delayed is justice denied.

 

 

 

Lazane's picture

The French nation state is being overrun by foreign mobs, burning, pillaging, terrorizing. Police hands and feet are tied up in gooberment buracracy, its time to put an end to this deliberate globalist zionist enterprise. Vive Le Pen, Vive Liberte, Vive Le France

dogismycopilot's picture

That video of French police fleeing the Muslim mob was crazy. Those guys were burning rubber in their peugeots to avoid having to be policeman. Crazy

Squidbilly's picture
Squidbilly (not verified) Feb 17, 2017 10:58 AM
WIKILEAKS: CIA espionage orders for the 2012 French presidential election

 

CIA espionage orders for the last French presidential election

All major French political parties were targeted for infiltration by the CIA's human ("HUMINT") and electronic ("SIGINT") spies in the seven months leading up to France's 2012 presidential election. The revelations are contained within three CIA tasking orders published today by WikiLeaks as context for its forth coming CIA Vault 7 series. Named specifically as targets are the French Socialist Party (PS), the National Front (FN) and Union for a Popular Movement (UMP) together with current President Francois Hollande, then President Nicolas Sarkozy, current round one presidential front runner Marine Le Pen, and former presidential candidates Martine Aubry and Dominique Strauss-Khan.

https://wikileaks.org/cia-france-elections-2012/#Press%20Release%20%28en...

Jtrillian's picture

Dear Ruling Class Elite,

FUCK YOU.

Sincerely,

Le Revolution

ukipboy's picture

Allez Marine. Vive La France Libre.