Hollande Bond Buyers Bet on Market-Friendly Government
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French bond investors are confident President-elect Francois Hollande’s cabinet picks will be market-friendly, yields close to a seven-month low suggest.
“If Hollande has any sense, which he does, then I wouldn’t expect him to antagonize the markets,” said Michael Riddell, a fund manager at M&G Investments in London, which oversees about $323 billion.