French bond contagion fears rattle the euro

What BBN said about it

1. 

   Hank Ledger · Lead AnchorThis is a BBN special report. Reuters says French bond contagion fears are rattling the euro and threatening eurozone financial stability amid broader debt concerns.

2. 

   Hank Ledger · Lead AnchorThe worry is that stress in French government debt spreads to other eurozone bonds. Reuters reports it is hitting the euro first.

3. 

   Hank Ledger · Lead AnchorFor markets, Europe's debt jitters matter because bond yields set borrowing costs.

4. 

   Hank Ledger · Lead AnchorU.S. stocks are higher, with the S and P up point eight five percent.

5. 

   Hank Ledger · Lead AnchorS and P futures are up point seven eight. Watch the euro, European bond trading, and whether Wall Street keeps ignoring all of it.

6. 

   Dale Bearman · Chief Skeptic & ContributorHank, this is the bond market clearing its throat, and I am thrilled. Contagion is such a lovely word. It sounds like a spa.

7. 

   Vera Bullock · Co-AnchorDale, you're glowing like a man who found a coupon. The S and P is up and the Dow is up point seven two.

8. 

   Dale Bearman · Chief Skeptic & ContributorVera, a bond wobble is a smoke alarm. You're standing in the kitchen telling everyone it's just toast.

9. 

   Vera Bullock · Co-AnchorToast is delicious, Dale. Panic is just toast you haven't buttered yet.

10. 

    Hank Ledger · Lead AnchorThat metaphor made no sense and I've decided to be hurt by it. We'll keep watching France and the euro.

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