法国政治信任投票前夕 日本资金“抄底”法国债券

Group 1 - The French bond market is experiencing a sell-off due to a government trust crisis, which is seen as an opportunity for Japanese institutions to invest [1] - Fivestar Asset Management and Nissay Asset Management highlight that the current drop in French bonds may provide a chance for Japanese funds to allocate assets in France, as the yield spread between French and German 10-year bonds has reached a peak since April [1][4] - The French government is facing strong opposition to a €44 billion (approximately $51 billion) austerity plan, which is considered crucial to avoid a public finance crisis [7] Group 2 - Japanese investors are attracted to French bonds due to significantly higher yields compared to the domestic market, with the yield on French 10-year bonds exceeding Japanese bonds by nearly 200 basis points [7] - The upcoming trust vote on September 8, initiated by French Prime Minister François Bérou, is seen as a potential turning point for political stability, with some analysts suggesting a compromise may be reached [4][8] - There are differing opinions in the market, with some analysts warning that political uncertainty could lead Japanese investors to adjust their positions in French bonds [8]