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

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 how much of France's fiscal debate the rest of the eurozone ends up paying for through its shared currency. #EURUSD #FrenchBudget #SovereignRisk

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

Nobody yet knows whether this is one manager's decision or an early signal. That leaves Paris facing a question no auction schedule can answer: how many other holders are doing the same sums. #OATBundSpread #FrenchDebt #SovereignRisk