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Market Impact: 0.2
French Bond Rout Draws Australia Pension Into Market Others Shun
Source: Bloomberg
Credit & Bond MarketsSovereign Debt & RatingsInterest Rates & YieldsMonetary Policy
Australia’s second-biggest pension fund is buying French government bonds, judging that markets have overestimated France’s fiscal troubles and the likelihood of European Central Bank interest-rate hikes. The article provides no purchase size or market reaction.
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