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Mizuho Expect Widening Pressure For Bund/OAT Spreads In The Coming Months

OAT

Mizuho note that “this evening S&P will review France’s rating (AA). The credit rating firm put France on negative outlook last December due to rising budgetary risks. OAT-Bund spreads haven’t been performing particularly well in 2023, moving gradually wider. With Fitch having cut France’s debt rating a notch, the risk for another downgrade in either today’s or the next review will likely keep the widening pressure on OAT-Bund spreads in the coming months.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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