French Bond Yields Spike Amid Eurozone Debt Crisis Concerns

Bloomberg quotes a German central banker who says European debt-crisis risks have risen sharply and calls the bond selloff a warning that investors are nervous about governments' efforts to rein in debt. One post links France's bond slump to political and fiscal uncertainty and worries about wider European fallout, while warning that Japan's heavy debt leaves it exposed to scrutiny. Another predicts ECB intervention but argues that high-debt countries being hit hardest isn't market dysfunction.