Reported 12 months ago
Credit bulls in Europe anticipate a renewed rally in corporate bonds as concerns over French parliamentary risks diminish. Portfolio managers believe that factors driving European credit markets to outperform the US markets in the first five months of the year remain intact, leading to higher asset prices. The far-right National Rally's smaller-than-expected share and the declining risk of fiscal destabilization from far-left parties in the French election have reassured investors. Although UBS Global Wealth Management warns about France's public finances despite a potential weaker minority government, French bank bonds have shown resilience post-election.
Source: YAHOO