European Cross Sovereign Spreads: Intraday France Drubbing On Record Bunds

Nothing too surprising here today: Portuguese, Greek, and Spanish blowouts are now are daily occurrence... Except for the redness in the France column. On a day when the German 5 and 10 year Bunds are closing at record levels, seeing this kind of underperformance in French bonds can only indicate one thing: the barbarians at the gate have gotten past the periphery and are now closing in on the core.