
Markets France avoided a Moody’s rating downgrade last Friday, while weekend protests were considered to have shifted into lower/less aggressive gear. Today, this proved to be sufficient to halt last week’s violent EMU credit spread widening. The 10-yr OAT swapspread cedes 8 bps from Friday’s close (currently 147 bps) with the 10-yr OLO swapspread dropping […]
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