French Default Insurance Costs Surge Amid Financial Worries
France's 5-year credit-default swap spreads have nearly doubled in two weeks due to growing concerns about the country's finances. Italy's CDS spreads have also increased, reflecting fears of contagion from French market turmoil to other financially weaker eurozone countries.
France's 5-year credit-default swap spreads have nearly doubled over the past two weeks as concerns about the country's finances increase. Italy's CDS spreads have also risen, reflecting concern that turbulence in French markets could spread to the eurozone's financially weaker countries.