法国债务风险已高于38%法国企业债

格隆汇
Oct 08
法国目前约有2150亿欧元(2410亿美元)的企业债券,其交易表现已显示出比法国政府债券更低的风险溢价。在主权债务遭遇大规模抛售后,这一规模较2026年初几乎扩大了18倍。数据显示,截至周三,法国全部高评级企业债务中,约38%的债券收益率低于相同期限的政府债券。相比之下,年初这一规模仅为120亿欧元。随着市场对政府债务的信心减弱,企业债券如今已成为最安全的避风港之一,尤其是欧莱雅和石油天然气巨头道达尔能源等业务面向国际市场的企业。Generali Investments高级信用策略师Elisa Belgacem表示:“法国主权债务与企业信用的表现已经越来越脱节。企业和银行仍然受到投资者的强劲需求,这凸显了市场对发行人基本面的信心,以及对综合收益率吸引力的认可”。

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