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Morgan Stanley: The yield spread of German and French 10-year government bonds may be in the range of 60-80 basis points.
Jinshi Data News on July 5th, Morgan Stanley's research department analysts said that the yield spread between French and German government bonds is most likely to narrow to 60-80 basis points. If no party gains an absolute majority in the second round of the French election on Sunday, it may narrow to 60 basis points. Morgan Stanley expects the market to maintain a slight Short inclination towards French government bonds.