An update to the 12Dec23 research on France which concluded that French OATs were at risk of a revaluation: https://www.thegreyfirehorse.com/post/french-flying-red-flags
In this research, there are updates on:
Total French debt data
Economic data
Private sector debt trends
Inflation trends
Government fiscal situation and likely debt issuance
Government bond market valuations
The conclusion remains the same as the initial Dec23 research - French bonds should revalue to be more in line with Italian government bonds.
Comentários