- ECB Governing Council member Olli Rehn said French bond spreads over German bunds have widened somewhat, citing both global and country-specific factors.
- The extra yield investors demand to hold French 10-year bonds over German debt rose through 150 basis points to 153, the widest since Oct. 2.
- Rehn said many other countries have also experienced similar market pressure.
Quotes
“as a result of both global and country-specific factors”