What Do Government Bond Yields Know About The French Election That Everything Else Doesn’t?

Back in February, dramatic richening in the front-end of the German curve garnered quite a bit of attention. It was, as we called it, a "holy Schatz" moment. Some commentators were quick to attribute plunging German 2Y yields to a flight-to-safety bid as Marine Le Pen's odds of winning the French presidency rose. That theory was seemingly debunked when the impact of ECB buying below the depo rate was laid bare: (BofAML) A little more than a month on, and most indicators have "Le Pen risk" d

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints