CHART OF THE MORNING: The French-German Spread That Nobody Wants To Think About

At some point soon, we might start looking at French-German bond spreads when we get up before we look at Italian-German bond spreads.

This more dramatic measure of Eurozone contagion continues to be alarming, and at one point today, the spread surpassed 200 basis points, before coming in a bit.

Here’s an intraday look at the French-German 10-Year yields spread.

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