According to CoinMeta, the Chris Turner of ING Group stated in a report that a sharp sell-off of French government bonds could lead to a further weakening of the euro. Investors believe that any action taken by the European Central Bank (ECB) to address the bond market sell-off could mean a significant reduction in the extent of further policy tightening, or even no further tightening at all, which would weigh on the euro. In extreme cases, the ECB might resort to its transmission protection tools to buy bonds, which would be very unfavorable for the euro. Data from the London Stock Exchange Group shows that the yield spread between 10-year German and French government bonds has risen to 149.17 basis points, the highest level since 2012.