The French division index is still far below the 2017 high point.

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June 17th, Golden Data News, analysts Alice Gledhill and James Hirai said that the market indicator measuring the risk of French division has risen, but it is still far below the level during the 2017 election period when National Front leader Le Pen advocated leaving the EU. The indicator is usually called the ISDA basis point, which is the spread between credit default swap (CDS) contracts from 2003 to 2014. In the past week, the basis point has soared to over 20 basis points, but it is still far below the peak of 37 basis points in 2017. Strategists Richard McGuire and Lyn Graham-Taylor of Dutch cooperative bank believe that this indicates the sharp widening of the yield spread between France and Germany is "more the product of position adjustments" rather than "a negative reassessment of the French political outlook and its broader impact on the eurozone".

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GateUser-d0f8849dvip
· 2024-07-18 03:50
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