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Global Daily: Make France Governable Again

5 December 2024 10:47 RaboResearch
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Michel Barnier sensationally lost a no confidence vote in his 3-month premiership yesterday after Marine Le Pen’s National Rally sided with left wing parties to bring down the government. The fall of the French government was clearly already in the price, because EURUSD was largely unchanged on the day. OATs outperformed Bunds as the French sovereign curve bull steepened.

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Global Daily: Make France Governable Again
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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more