French Bond Contagion Fears Lift Bund Spread to 15-Year High

French bond yields are rising on concerns over high debt levels and political gridlock, lifting the French-German spread to around a 15-year high. Fiona Cincotta, StoneX Senior Market Analyst, explains how French and Spanish bond stress is playing out in currencies, stocks, and the DAX chart. A French-German spread around a 15-year high has raised concerns of contagion, and Spanish bond yields have edged higher after Prime Minister Pedro Sánchez called a snap election. The euro is under pressure against the U.S. dollar, sterling, and the Swiss franc, while the DAX holds its 200 EMA inside a descending channel. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - French Debt and Contagion Fear 00:47 - Spain's Snap Vote Lifts Yields 01:11 - Euro Sinks to a 17-Month Low 01:36 - Stocks Hold Up, Bonds Do Not 01:57 - DAX Bounces Off Its 200 EMA 03:03 - Breakout or Bust for the DAX Like and subscribe for more financial market insights. #StoneX #FionaCincotta #DAX #EURUSD --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social