Sengbao Bank: Market confidence in the French government strengthens, funds may flow back to French government bonds and other assets.

On July 9th, Jinshi data reported that Althea Spinozzi, the head of fixed income strategy at Shengbao Bank, said in a report that as investors' confidence in the new French government grows, they may shift from safe-haven assets such as German government bonds to higher-yielding securities such as French government bonds. She said that this shift could lead to a further rise in German government bond yields, which have already risen from 2% to 2.5% since the beginning of this year. She said that the market's confidence in the prospect of interest rate cuts has declined, to some extent pushing up German government bond yields.