Feb
19
European Bond Investors Seek Havens as Political Risks Increase
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French, Italian bonds fall as political uncertainty weighs
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German 10-year yield approaches lowest level in a month
European bond investors gravitated toward the safest assets on Friday as political and economic developments pointed to a muddier outlook for the continent.
German bunds led gains among core euro-region securities after French Socialist Party presidential candidate Benoit Hamon said he’s in talks with far-left candidate Jean-Luc Melenchon about a potential single candidacy. That boosts the chance that the anti-euro Marine Le Pen may not face a centrist candidate in the final round of voting in May. Austrian and Dutch securities also advanced…
European Bond Investors Seek Havens as Political Risks Increase
