Bargain Hunters Are Nowhere to Be Seen in French Bond Market
- Investors say bond spread could rise to 100 basis points
- Attention turns to European ruling on French deficit Wednesday
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French government bond yields are still too low to entice investors into a battered market beset by political uncertainty.
Funds including Candriam and BlueBay Asset Management are steering clear of the securities, saying they remain vulnerable to further losses should Marine Le Pen’s far-right National Rally party win upcoming elections.