Low Domestic Buyer Base of French Govt Bonds Signals Structural Weakness
Dow Jones
Oct 06
0519 GMT - The low level of domestic participation in the government bond market in France speaks to a structural weakness in the buyer base, says RBC BlueBay Asset Management's Mark Dowding. "Paris would be well advised to look to policies designed to encourage a greater share of domestic investment to be channeled towards its bond market," the fixed income CIO says in a note. The re-domestication of portfolio allocation could be an increasingly important theme more broadly in global markets in the years ahead, he says.
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