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Spreads Wider As Leftist Political Alliance Outlines Fiscal Plans

OAT

10-Year OAT/Bunds widens by a little over 1bp, with the psychological 80bp level breached at typing

  • The move comes as the leftist French political alliance tables its fiscal plans.
  • The group’s fiscal plans would cost EUR25bn in ’24 and EUR 100bn in ’25.
  • French fiscal worry has been compounded by election uncertainty, with the spread to Bunds moving to multi-year wides.
  • RN has tried to calm markets re: spending matters in recent days.
  • A reminder that the leftist alliance has been polling in second place, behind RN, in recent times.
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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