• French 10-year bond highs hits 5%, highest since July 2002

• Spread with Germany widest this year at 160bps

• Brent above $110 per barrel

• EUR/USD surprisingly quiet trading 1.1214-34 EBS

• Traders betting $19 billion are well prepared for euro to drop

• Japanese yen faces acute version of energy shock

•
French bonds and eurusd

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)