France Yield Gap Tops 150 Bps as Euro Hits 17-Month Low
France’s bond-market stress is intensifying as the yield gap with Germany climbs above 150 basis points and the euro falls to a 17-month low. The bigger question now is whether the pressure stays concentrated in France or begins spreading more broadly through European markets.
Hormuz Tanker Hit as Both Major Oil Routes Face Pressure
A tanker attack in the Strait of Hormuz comes as Saudi Arabia’s East-West oil pipeline is already shut, putting two major regional oil routes under pressure. With oil recently above $100, attention now turns to whether supply disruptions worsen and what Monday’s regional meeting means for Hormuz.