Ann: Notice of Extraordinary General Meeting/Proxy Form, page-237

If I was a betting man I’d say so. Their 10Y bond yields are up 47points, while the 7Y is up nearly 72. I think Italy is going south quite rapidly and the Italian index is a thing to watch. I was actually surprised to see that Macron looks like will deliver the first positive GDP for France since 48 years ago. Growth of 0.3%. Given the woes in the EU generally, that’s some achievement. Still the French40 is dropping in a hurry over the next few days.

Time will tell, last 48 hours have been rather rewarding. Particularly last night, down 1.58%.