The state's yields could fall towards those of its companies, or corporate yields could drift up as the ceiling reasserts itself. #FrenchBonds #SovereignRisk #CreditSpreads

Whether markets are simply clearing out a crowded trade or rethinking how much French debt is worth is still an open question. #FrenchBonds #CarryTrade #EurozoneDebt

The result is a test of where the ECB draws the line between a justified risk premium and genuine disorder. The question now is how far French yields can move before the central bank decides the market has crossed that line. #ECB #FrenchBonds #TPI

The question now is whether a bond market that rewarded a plan within a single session will want proof before it does so again. #FrenchBonds #FiscalCredibility #OAT

#EURUSD #ECB #FrenchBonds

The question now is whether this is a one-off shift or the start of a slower, more costly repricing of what it takes to lend to Paris. #FrenchBonds #SovereignRisk #CarryTrade

The question now is whether the premium stays a French story or becomes a test of how much fiscal room any rich-world government still has. #FrenchBonds #SovereignDebt #Eurozone

That leaves a gap between what markets are pricing and what policymakers may intend, and the minutes are the first place it could show. #FederalReserve #ECB #FrenchBonds

The question now is whether markets are pricing a passing scare or a lasting reassessment of what French debt is worth. #FrenchBonds #SovereignRisk #ECB

Così l'euro porta su di sé due rischi distinti, energetico e fiscale, mentre il dollaro trae vantaggio dai timori degli investitori su entrambi. #EURUSD #FrenchBonds #OilInflation

That leaves the euro carrying two separate risks, energy and fiscal, while the dollar benefits from investors' worries about both. #EURUSD #FrenchBonds #OilInflation