French Government Bonds Face Trouble as Elections Loom

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As France heads towards snap elections at the end of June, French government bonds could slide further, having already taken a major hit from the weekend’s European parliamentary elections, pushing their yields even higher, analysts said.

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French right-wing parties were mired by infighting Thursday as campaigning intensified for snap elections called by President Emmanuel Macron, but his government faces a more unified challenge from the left.

Coming just two years after he failed to secure a majority in parliament to buttress his second presidential term, Macron’s gamble on early polls risks strengthening the far-right National Rally (RN) and has sparked meltdown among traditional conservatives.
France Natl Rally party a head in polls

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h/t Emeraldlight

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