France Yield Spread Nears Four-Year High as Political Risk Grows
- Markets await Fillon press conference in Paris at 4 p.m. CET
- Yields on nation’s 10-year bonds climb for a second day
AB's Loughney Sees French Markets Focused on Uncertainty
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The spread between France and Germany’s bonds approached the widest since 2013 as the political plot thickened amid the most unpredictable election campaign in decades.
The difference widened for a second day as French citizens prepare for the first round of presidential polls due on April 23. Francois Fillon, the Republican candidate, is due to hold a press conference later Monday. His party is divided on whether Fillon should be replaced following reports that his wife and two of his children allegedly earned more than 900,000 euros ($967,000) in public funds as parliamentary aides without actually doing a commensurate amount of work.