French debt spreads widen sharply against Germany
Stress in sovereign debt markets has shifted to Europe, with an alarming blowout in the French debt risk premium over Germany. The 10-year French-German spread ballooned.
By Mike Dolan A somewhat soft US employment report appeared to ease the pressure on the interest-rate and bond story on Friday, while stress in sovereign debt markets shifted to Europe as the French debt risk premium over Germany widened sharply. The 10-year French-German spread ballooned to…