The euro quickly gives up 0.3% on the French downgrade. CAC-40 futures showed the tiniest of...

|By:, SA News Editor

The euro quickly gives up 0.3% on the French downgrade. CAC-40 futures showed the tiniest of dips, but have returned to about unchanged. Keep an eye on French bond yields to see if they continue tracking the core, rather than the periphery. Ten-year OATS yield 2.07%. The 2-year is at a very Aaa-like 0.11%.