As French Election Looms, Risk Premia Spike Near Record Highs Across Every Market

Jon Alternative Media, Blogosphere, Market Commentary, Politics

With establishment pollsters paniccing at the closeness of the first round of the French elections, it appears investors in every market – stocks, bonds, and FX – are just as concerned with hedges and risk premia at (or near) record highs across the board.
With just a few days to go before Sunday’s first round of voting, every poll for the past month has shown independent Emmanuel Macron and the National Front’s Marine Le Pen taking the top two spots. Macron would then easily win the May 7 runoff, polls show. Yet both front-runners have been steadily slipping over the past two weeks, and Republican Francois Fillon and Communist-backed Jean-Luc Melenchon are now within striking distance.


This post was published at Zero Hedge on Apr 19, 2017.