Daily Morning Call

From the Floor: France spread widens on election worries — #SaxoStrats

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A spike in worries about the upcoming French presidential election has caused France's yield spread to Germany to widen once again as the first-round April 23 ballot draws near. Meanwhile, a speech by US Federal Reserve chief Janet Yellen provided no new direction.
  • Markets fraught with geopolitical worries
  • Spike in French election jitters caused widening of France-Germany spread
  • USD outlook likely to remain hazy until French presidential election: Hardy
  • EURJPY slides on renewed worries about French vote
  • Plenty of pent-up demand for covering risk into two-round French election
  • 'It’s all about April 23 and May 7 – the two dates for the French elections': Hardy
  • Yellen’s message on Monday was 'indifferent': Hardy
  • US Treasuries stay up in the range
  • Yields dropped back in quiet volume on Monday
  • A first ECB rate move is getting closer than it has been in years: Boye
  • ECB corporate bond buying data showed uninterupted buying despite taper: Boye
  • Daily average corp. bond buying up to 483m euros from 367m long-term average