The French-German Spread Is Blasting Wider After Report Of Warning From Moody's

There’s a report in French newspaper Le Figaro (via SeekingAlpha) that Moody’s is warning about the maintainability of the French AAA rating.

That appears to be contributing to a very significant widening of the French-German 10-Year Spread.

Here’s the intraday look.

chart

And of course that’s contributing to a very ugly start in markets overall.

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