French Bonds Are Up
Emmanuel Macron’s success in the first round of the French presidential election has seen the nation's assets kicking away the political fears of the past six months.
If he does win the second round to become president, as the markets now fully expect, then a more unified Europe may well result.
French government bonds extended their outperformance against German and other eurozone debt on Tuesday, with a key fixed income barometer of political risk easing further.
Generally French corporate bonds are up.
Attached shows the chart for Societe Generale 6% Perpetual, Societe Generale 4.25% 14April2025 and BPCE 4.625% 11July2024.
We had call to buy BPCE bond before the French election:
myasiaprivatebank.blogspot.sg/2017/04/bpce-4625-11july2024.html
BPCE 4.625% 2024:
SocGen 4.25% 2025:
SocGen 6% Perpetual:
Link: https://www.bloomberg.com/gadfly/articles/2017-04-25/it-s-panic-off-for-french-bonds
If he does win the second round to become president, as the markets now fully expect, then a more unified Europe may well result.
French government bonds extended their outperformance against German and other eurozone debt on Tuesday, with a key fixed income barometer of political risk easing further.
Generally French corporate bonds are up.
Attached shows the chart for Societe Generale 6% Perpetual, Societe Generale 4.25% 14April2025 and BPCE 4.625% 11July2024.
We had call to buy BPCE bond before the French election:
myasiaprivatebank.blogspot.sg/2017/04/bpce-4625-11july2024.html
BPCE 4.625% 2024:
SocGen 4.25% 2025:
SocGen 6% Perpetual:
Link: https://www.bloomberg.com/gadfly/articles/2017-04-25/it-s-panic-off-for-french-bonds
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