Instituições: O spread Franco-alemão pode continuar a enfrentar pressões crescentes a curto prazo

Jintian data news on July 9th, BNP Paribas Wealth analysts said that the results of the French election Gota the possibility of implementing large-scale, unfunded spending commitments, but there is still a risk of worsening the French budget deficit, which may put pressure on the country’s national debt. They said: “Therefore, we expect French OAT bonds to continue to pay a risk premium higher than before the election, and the spread between 10-year French OAT bonds and German bonds may hover between 60-80 basis points in the next few months.” Nevertheless, BNP Paribas Wealth still maintains its estimate of a year-end difference of 60 basis points between the 10-year OAT bond yields and German bond yields, and expects the new government to agree to fiscal consolidation, thereby limiting the risk of further downgrades to France’s sovereign debt rating in the short term.