Taking a pause today is the bull market in the spread between French and German debt. At 3.47%,...

|By:, SA News Editor

Taking a pause today is the bull market in the spread between French and German debt. At 3.47%, French 10 year OATS yield 162 basis points more than Bunds. For reference, Italian BTPs hit the 150 bps level right around the time the July 21 summit ended the crisis (now 481 bps).