French government bonds (OATS)
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Global week ahead: Volatile bonds, a confidence crunch and the ECB meets
CNBCยท 2025-09-07 06:07
Group 1: Corporate Developments - High-profile CEO departures have created significant buzz, including Nestle's CEO resigning over an undisclosed affair and Suntory's CEO stepping down due to potential illegal substance purchases [1] Group 2: Bond Market Volatility - Bond market volatility has been a major focus, with significant yield movements in the U.K. gilt market and across Europe, indicating potential ongoing instability [2] - France is at the center of European bond yield uncertainty, with a confidence vote in the government expected to lead to a loss for the ruling party, raising the possibility of a snap election by President Macron [4] - A straw poll by Nomura suggests that French government bond yields (OATS) would need to change dramatically to significantly impact international investor confidence, with a key rating review by Fitch on September 12 being a critical date [5] Group 3: Central Bank Actions - The European Central Bank (ECB) is anticipated to maintain interest rates at 2% during its upcoming meeting, with a dovish stance expected from President Christine Lagarde [7] - Market observers expect Lagarde to be questioned about the situation in France during her press conference, although she is likely to avoid direct responses [8] Group 4: Upcoming Economic Data - Key economic data releases include German trade data on Monday, French Industrial Production data on Tuesday, U.S. Inflation data on Thursday, and German Inflation and U.K. GDP data on Friday [9]