Market Not Happy With Fillon Statement: Spread To Germany Spikes

Just as ECB President Mario Draghi states unequivocally that ECB QE policy has worked and has "eliminated fragmentation," French presidential candidate Fillon's apologetic press conference has sparked major disturbances in the core of Europe... fragmenting France from Germany by themost since September 2012...

Initial relief quickly turned to selling panic...

 

Sending OAT yields to their widest to Bunds since September 2012.