How Wide Must OAT-OAT Spreads Move to Signal Crisis?

Bloomberg Opinion's Lionel Laurent and Marcus Ashworth join Stephen Carroll and Lizzy Burden to discuss where next for France after President Macron gave his outgoing Prime Minister 48 hours to negotiate a deal to salvage the government. The deadlock has already thwarted attempts to rein in what has become the largest budget deficit in the euro area, fueling selloffs of French assets and driving up the country’s borrowing costs relative to peers. 

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