Chart Check: “Le Pen Risk” Falls To Lowest In 5 Weeks

There's been no shortage of warnings from analysts, economists, and political scientists (you know, Taleb's "pseudo-experts" who know nothing) regarding just how traumatic it would be both for financial markets and for the EU in general were Marine Le Pen to pull a (populist) rabbit of her hat and win the French presidency. But is that "tail risk" becoming more tail risk-ish (i.e. less probable)? According to credit markets, the answer would appear to be "yes", as French CDS is now trading be