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Meanwhile in Europe, while attention is understand centered on the 10-year France–Germany spread widening way past 100 bps in the last few weeks, what's happening at the short end is as interesting if not more so: The 2-year spread between the two core eurozone sovereigns (Bloomberg chart) has surged to 62 bps—a stark signal of how rapidly markets have been repricing French sovereign risk. #economy #bonds #germany #france #markets