Wake up call

There has been a substantial widening of spreads in the European bond markets. While the epicentre is in the French bond market, it seems to have morphed from a French idiosyncratic problem to a broader one, a problem that comes on top of a whole list of issues and specifically on top of the energy crisis that is still unresolved.
Participants:
• Peter Schaffrik (Desk Strategy), Head of UK/European Rates & Economics
• George Moran (Desk Strategy), European Economist
• Megum Muhic (Desk Strategy), UK Rates Strategist

* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts