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France's Debt Crisis Is Sparking Fears of Wider Financial Contagion
French debt turmoil pushed investors into US Treasurys and German bunds, while NSW, Queensland and Victoria state bond yields widened by up to 7 basis points.
A sell-off in the US bond market has shaken investors in the last few months, but traders are also nervously eyeing fixed income turmoil in a major European nation: France. The country, which has the third largest economy in Europe, is teetering on the edge of a debt crisis, threatening social unrest and political upheaval. […]