France Downgrade Rumor? France-Bund Spread Explodes
Uhm, what was that? The Bund-OAT spread just soared by 7 bps to an all time record 129 and widening, which we expect is due to the EFSF bond pull. Expect a 130 handle any second...So Europe now has France to add to the Greek and Italian communicating vessels? Good work.
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