SlateStone Wealth chief equity strategist Erin Gibbs warns Charles Payne about the potential of a bond market contagion starting in France. Gibbs explains why European bond spreads signal a significant threat to global stock markets.
Bond market contagion starting in France currently poses the greatest threat to global stock markets. SlateStone Wealth chief equity strategist Erin Gibbs joins Charles Payne to analyze this European debt crisis. Gibbs warns that French government bonds are trading at higher spreads than Italian debt as President Emmanuel Macron struggles with low polling of 13 percent, signalling severe fiscal instability.
Source: www.foxbusiness.com
