0533 GMT - Given the significant market focus on diversification away from U.S. assets, the prospect for global portfolio flows into eurozone government bonds is worth considering, Goldman Sachs's Simon Freycenet says in a note. "We argue that the larger economies of Southern Europe are best placed to benefit from inflows, as foreign ownership in those markets still lags the improvements in macro fundamentals or that in the hedge value of government bonds," the interest-rates strategist says. Goldman Sachs thinks that eurozone sovereign credit can outperform core rates from current levels, a change from their prior cautious outlook for spreads. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 01:33 ET (05:33 GMT)
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