Domestic Investors Could Take Dominance on French Bond Market
Dow Jones12:58
0458 GMT - With uncertainty likely to stay, we expect a rotation from foreign to domestic investors to dominate the French government bond, or OAT, market, Societe Generale rates strategists say in a note. "While the bias remains for wider spreads, there are limits: investors may be underweight France, but are unlikely to exit OATs altogether," the strategists say. Meanwhile, the debate over further rate hikes is far from settled, with lingering inflation risks a reminder that central banks may still need to tighten further if price pressures re-emerge.
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