France Just Printed A 16 Sigma Move And That's Not Even The Weirdest Part

Welcome to the extremes

Markets are starting to print the kind of numbers that make you look twice.

France just delivered a 16-sigma move at the front end, OAT-Bund spreads have exploded, EUR/USD reached its most oversold reading since 2015 and the global rates move has hit Goldman's two-standard-deviation pain threshold for equities.