Macro Finance
French Bond Rout Draws Australia Pension Into Market Others Shun
Bloomberg Markets·October 26, 2026·1 min read
Australia's second-biggest pension fund is buying French government bonds, betting that markets have overpriced France's fiscal troubles and the prospect of European Central Bank interest-rate hikes. The move comes amid a French bond rout, with the fund seeing value in the market others shun. This contrarian bet reflects confidence in France's long-term stability.
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