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Global Daily: Make France Governable Again

5 December 2024 10:47 RaboResearch

Michel Barnier sensationally lost a no confidence vote in his 3-month premiership yesterday after Marine Le Pen’s National Rally sided with left wing parties to bring down the government. The fall of the French government was clearly already in the price, because EURUSD was largely unchanged on the day. OATs outperformed Bunds as the French sovereign curve bull steepened.

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Non Independent Research - This document is issued by Coöperatieve Rabobank U.A. incorporated in the Netherlands, trading as “Rabobank” (“Rabobank”) a cooperative with excluded liability. Read more