FRENCH 5-YEAR DEFAULT PROTECTION HITS 3-MONTH HIGH
The cost of insuring French 5-year bonds rose to a near 3-month high amid political uncertainty. Prime Minister François Bayrou has called a confidence vote for Sept. 8. “Investors are questioning the stability of French public finances,” says Berenberg’s Salomon Fiedler. French 5-year CDS climbed 4bps to 37bps, according to S&P Global Market Intelligence.The copyright of this article belongs to the original author/organization.
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