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Oct 21 - 06:55 AM
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EUR/USD - Calm Masks Mounting Stress As French Yield Hits 5%
By Jeremy Boulton — Oct 21 - 05:22 AM
• French 10-year bond highs hits 5%, highest since July 2002
• Spread with Germany widest this year at 160bps
• Brent above $110 per barrel
• EUR/USD surprisingly quiet trading 1.1214-34 EBS
• Traders betting $19 billion are well prepared for euro to drop
• Japanese yen faces acute version of energy shock
•
French bonds and eurusd
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters