Reported 8 months ago
According to Vanguard Group Inc.'s head of investment strategy, Joe Davis, the recent slump in French bonds due to elections could present a buying opportunity if spreads widen further. Despite concerns over Marine Le Pen’s party potentially winning the parliamentary election and France and Italy being reprimanded by the EU for deficits, Davis believes there are opportunities in the fixed income market if certain spreads continue to grow.
Source: YAHOO