French Bond Volatility Likely Elevated into Presidential Election Cycle

Dow Jones
昨天

0327 GMT - The recent selloff in French government bonds reflects both carry-trade unwinds and a growing reassessment of French fiscal risk, says State Street Investment Management's Masahiko Loo. Hedge funds and active real-money investors unwinding carry positions helped amplify the move amid recent political headlines, the strategist says in a note. "The bigger issue is that bond investors are increasingly questioning France's fiscal trajectory." France hasn't run a budget surplus since 1974, and while policymakers have signaled their intention to address fiscal challenges, the timeline and details are likely to face significant implementation hurdles. Volatility is likely to remain elevated into the April-May 2027 presidential election cycle, Loo says.

 

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10