Citi: Bất kỳ cuộc biểu tình nghỉ ngơi nào được kích hoạt bởi cuộc bầu cử Pháp đều có thể 'ngắn ngủi'

The data from Jinshi on July 5th showed that according to today’s report, Citigroup predicts that any rebound in the euro credit bond market will be “short-lived” if the second round of voting in the French parliamentary elections this weekend ends with a no-majority parliament. After the results of the first round of elections last weekend were announced, Citigroup economists and interest rate strategists believe that the final result will either be a no-majority parliament or majority support for Marine Le Pen’s National Rally. In the former case, Citigroup expects the credit market to return to the fluctuation state that it has been in for most of this year; however, Sankaran stated that even in this relatively mild base scenario, spreads are likely to further widen by the end of the year. “If the National Rally wins a clear majority and implements its entire agenda, we believe that credit spreads can retest the widest level in 2023.”