French political turmoil strains OAT-Bund spread

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
SSA

French political turmoil strains OAT-Bund spread

Elias Wilson
December 03, 2024 04:22 pm

Barnier's removal could trigger spread to spike to 100bp and stay elevated, say analysts

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • ✔ 4,000 annual insights
  • ✔ 700+ notes and long-form analyses
  • ✔ 4 capital markets databases
  • ✔ Daily newsletters across markets and asset classes
  • ✔ 2 weekly podcasts

Topics

SSASovereignsFrance
EW
Elias Wilson
SSA reporter GlobalCapital
Contact

Related articles

  • 00A-front-cover-bg-cropped.jpg

    GlobalCapital's Review 2025 | Outlook 2026

    We are proud to publish our special report, which looks ahead to 2026 across all asset classes and recognises the best new bonds of 2025
    GlobalCapital, December 18, 2025
  • SSA
    sovrt-Ruhl-Siegfried.jpg

    The EU: bloc’s SAFE asset adds defence to jumbo programme

    One of the key numbers for the SSA bond market is the EU’s borrowing need, published twice a year. The borrower has become one of the largest in the market, issuing €160bn of bonds in 2025, with a similar amount expected in 2026. It anticipates €700bn of funding needs between 2025 and 2030 in support of the various programmes it funds, including for NextGenerationEU. Now it has a new one: a €150bn instrument, which will disburse money to member states for defence in 2026. Siegfried Ruhl (pictured), hors classe adviser to the European Commission’s Directorate-General for Budget and Balazs Ujvari, Commission spokesperson for budget and administration spoke to GlobalCapital’s Ralph Sinclair about the issuer’s path ahead in the bond market.
    Ralph Sinclair, December 18, 2025
  • SSA

    SSAs flex pricing power in benchmark markets with lower new issue premiums

    The public sector bond market digested more than $900bn of benchmark syndications in the first 10 months of 2025, close to the amount raised the previous year. New issue premiums varied by currency, with the biggest annual change in the euro market, writes Sarah Ainsworth
    Sarah Ainsworth, December 18, 2025
  • SSA
    Graupner,-Jorg.jpg

    SSA issuers tipped to frontload once more as funding needs ramp up

    US tariffs, greater sovereign borrowing needs and political upheaval proved no barrier to SSA issuers raising a large amount of funding in 2025, and getting it done early, writes Addison Gong. But those challenges were just a taster for what lies in store for 2026 when the market is likely to become even more crowded
    Addison Gong, December 18, 2025
  • SSA
    European union flag

    Bond Deals of the Year: Public sector borrowers — Debuts and derring-do define SSAs  

    The sovereign, supranational and agency bond market in 2025 featured a number of innovative debuts, bringing new issuers to this most venerable of asset classes. Meanwhile, some of its biggest names priced stellar deals, breaking records and pioneering new formats even in volatile markets
    GlobalCapital, December 18, 2025
  • SSA

    Credit issuers add new flavours to growing Australian dollar bond market

    The Australian dollar bond market’s growth has propelled it to be the third most important funding currency for some international bond issuers. Its ability to offer investor diversification and arbitrage funding is attracting an increasing number of issuers from spread-conscious SSAs to banks and companies seeking strategic capital, write Sarah Ainsworth and Atanas Dinov
    Sarah Ainsworth, December 18, 2025
Gift this article