French Bond Spread Widens to Its Highest Level Since 2011

The French bond spread over German Bunds has widened to its highest level since 2011, the peak of the European sovereign debt crisis. Shriya Samarth, StoneX Head of Rates, EMEA, explains why today's backdrop differs from 2011 and what a return to the crisis-era threshold could mean. French debt to GDP is about 117%, against roughly 90% at the 2011 spread peak, while the U.S. is near 125% and Japan is over 200%. As French government bonds sell off, U.S. Treasuries catch a safe haven bid, with Japanese government bonds and the dollar also in the flight to quality picture. 0:00 OAT Spread Widest Since 2011 0:31 Treasuries Catch a Haven Bid 0:58 French Debt vs U.S. and Japan 1:30 Flight to Quality Doubles Down 1:53 Contagion Fear Meets Dollar Discover Actionable Insights with StoneX Market Intelligence: https://shop.stonex.com/products/stonex-essential-bundle?selling_plan=4455759972&variant=45955323625572&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_shriya_samarth&utm_content=share Like and subscribe for more financial market insights. #Bonds #Treasuries #StoneX #ShriyaSamarth --------- 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