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Macro pulse: France-Germany yield spread breakout puts euro area contagion risk in focus

With all that is happening in markets, there are plenty of charts worth watching in Europe right now. However, this in particular may be one of the most important. The gap between French and German 10-year bond yields has surged over the past month, as investors are demanding a much bigger premium for holding French government debt over German bunds. The move looks even more striking when you…

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