French Bonds Tumble As Left-Wing Coalition Sparks More Le Pen Anxiety

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zerohedge.com / by Tyler Durden / Feb 17, 2017 9:02 AM

The French presidential election campaign just proved that ‘two wrongs do not make a right’.

French bonds tumbled relative to Bunds as Bloomberg reports, Socialist Party presidential candidate Benoit Hamon said he’s holding further talks with far-left candidate Jean-Luc Melenchon about a potential single candidacy.

A merger could bring about a showdown with Marine Le Pen’s anti-euro National Front, with the latest polls showing the combined vote share of the two candidates would see them qualify for the second round of voting in May.

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