Bond Bulletin: An OAT-rageous autumn in France
French government bonds (Obligations assimilables du Trésor, or OATs) have just endured one of their most violent repricings in over a decade, with OAT-Bund spreads soaring from below 100 basis points (bps) to roughly 160 bps in a matter of weeks. In this week's Bond Bulletin, we explore why French paper has sold off so sharply, how much of the move is fundamental versus technical, and what the episode means for fixed income investors.
