BofA Says Reserve Managers May Cut French Bonds by €70 Billion
Market Intelligence Analysis
AI-PoweredBank of America analysts predict that foreign reserve managers may cut their holdings of French government debt by €70 billion ($81 billion) following credit-rating downgrades.
Moderate to high market impact, as a significant reduction in foreign investor demand could lead to increased borrowing costs for France and potentially destabilize the European bond market.
Article Context
Foreign reserve managers could reduce their holdings of French government debt by €70 billion ($81 billion) after a spate of credit-rating downgrades, according to Bank of America Corp. analysts.
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