Yulia Slavina

Jens Nordvig: OAT spreads approach 160bp after 'riot news' with spill-overs to European banks

Jens Nordvig: OAT spreads approach 160bp after 'riot news' with spill-overs to European banks
OAT spreads near 160bp amid spill-overs

OAT spreads broke 150 basis points on what was referred to as 'riot news' and are quickly approaching 160 basis points, though there was no very obvious news catalyst on the day. Jens Nordvig observed that spill-overs are also being seen in European banks, though not in a completely direct manner, and into the EUR TWI.

Nordvig has recently outlined key market discussion points on CNBC Fast Money, including French debt and equities as areas of focus here. He has also noted that market participants generally view French news as temporary, though it can still affect political developments here. These observations follow continued attention on French assets and related risk sentiment.

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