Starting to get interesting. The French 10-year Oat- German 10-year bund spread widened and closed at its highest level since January 2014 on Friday. Francois Fillon has dropped like a stone in the past few weeks as the political scandal that he had his family on the public payroll unfolds. Looks like Emmanual Macron — very pro EU — is the best bet now to advance to second round in a run off with Marine Le Penn, which he should win. Volatility should pick up.
Game over for Eurozone if Le Pen wins the second round and becomes President. Watch this space!