-- French government bond yields are still too low to entice investors into a battered market beset by political uncertainty.Nvidia’s 591,078% Rally to Most Valuable Stock Came in WavesFunds including Candriam and BlueBay Asset Management are steering clear of the securities, saying they remain vulnerable to further losses should Marine Le Pen’s far-right National Rally party win upcoming elections.
“France has been a deteriorating credit story for a while,” said Mark Dowding, chief investment officer at RBC BlueBay Asset Management. “It could get worse.” The EU rules include strict measures for nations with debt higher than 60% of gross domestic product and a budget deficit of more than 3%. France’s deficit was 5.5% last year, with debt at about 111% of GDP.