Allianz Life Says Bunds Are Overvalued, Handelsblatt Reports

Allianz SE’s German life insurance unit head Maximilian Zimmerer said the interest paid on German Bunds is too low, making them overvalued, in an interview with Handelsblatt.

French government bonds are attractive, the future CFO of Allianz SE said in the interview, though investors should wait until after the presidential elections, he said.

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