Global Forex and Fixed Income Roundup: Market Talk -2-
Dow Jones2026/10/09 09:280555 GMT - French government bond issuance will return next Thursday, and supply is likely to play a significant role in sustaining cheapness in OATs, say Citi's Jamie Searle and Puja Sawant in a note. "Looking ahead, issuance may be particularly impactful early next year," the rates strategists say. The run-up to the French presidential elections coincides with a net cash need for OATs in January-April equivalent to 70% of the full-year total, they say. That said, the strategists expect the weighted average maturity to drop to a decade low. (emese.bartha@wsj.com) 0534 GMT - The outlook for fixed income appears brighter despite the recent performance setbacks, says Benoit Anne at MFS Investment Management in a note. "This mainly reflects an improvement in the duration landscape," the head of market insights says. The market's repricing the Federal Reserve rate policy is now well advanced, and has perhaps moved into overpricing at this juncture, he says. "This may help cap the upside risks to rates from the standpoint of monetary policy." Separately, the upward momentum in U.S. long-end rates seems to have slowed somewhat, although the fiscal challenges remain intact, Anne says. (emese.bartha@wsj.com) (END) Dow Jones Newswires October 09, 2026 05:28 ET (09:28 GMT)
0555 GMT - French government bond issuance will return next Thursday, and supply is likely to play a significant role in sustaining cheapness in OATs, say Citi's Jamie Searle and Puja Sawant in a note. "Looking ahead, issuance may be particularly impactful early next year," the rates strategists say. The run-up to the French presidential elections coincides with a net cash need for OATs in January-April equivalent to 70% of the full-year total, they say. That said, the strategists expect the weighted average maturity to drop to a decade low. (emese.bartha@wsj.com)
0534 GMT - The outlook for fixed income appears brighter despite the recent performance setbacks, says Benoit Anne at MFS Investment Management in a note. "This mainly reflects an improvement in the duration landscape," the head of market insights says. The market's repricing the Federal Reserve rate policy is now well advanced, and has perhaps moved into overpricing at this juncture, he says. "This may help cap the upside risks to rates from the standpoint of monetary policy." Separately, the upward momentum in U.S. long-end rates seems to have slowed somewhat, although the fiscal challenges remain intact, Anne says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
October 09, 2026 05:28 ET (09:28 GMT)
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