France Risk: Markets Are Pricing Bayrou's Downfall
Bloomberg Televisionยท2025-08-29 06:29
For the moment, what we have is deadlock is a bit of a short story in France. I don't think markets would get overly stressed about France being at 100 basis points. Political risk.Really, it's frost into kind of France in a spotlight. It's nothing that we are not used to compared to Germany, which seems to be a bit below the spread of 2024. But to swap, we are above this level.We have a playbook. We went through these last summer and Spritz went all the way to 80. The ECB, I'm sure, will be ready to suppor ...