French-German Two-Year Spread Reaches Widest Since 2012: Chart

(Bloomberg) -- With the first round of France's presidential election less than three weeks away, the yield difference between the nation's two-year bonds and similar-maturity German securities has widened to the most since 2012. The latest move comes amid signs traders are starting to put election hedges back on as they enter the month of the election, even as polls continue to show euro-skeptic Marine Le Pen will lose in May's second round. French candidates are due to hold their second debate later Tuesday, with the first round of voting scheduled for April 23.

To contact the reporter on this story: John Ainger in London at jainger@bloomberg.net.

To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net, David Goodman, Neil Chatterjee

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