French Election Risk Reawakens as Bonds Drop, Volatility Jumps
- Nation’s stocks also drop as election becomes four-way race
- Melenchon win would be an unfriendly market outcome: Aberdeen
Melechon’s Momentum in the Coming French Elections
This article is for subscribers only.
French election risk is slowly creeping back into markets.
The nation’s bonds fell on Monday, widening the yield spread over Germany to the highest since February. Meanwhile the CAC 40 index of stocks dropped and a gauge of two-week euro volatility that now covers the first round of voting, surged.