Institution: French bonds face downgrade risks

On July 11th, Jinshi Data reported that Audrey Beadle, a fixed income investment expert at Federated Hermes, said in a report that considering the uncertainty of the next French government and its measures to improve the French budget situation, the possibility of another downgrade of French debt is increasing. She said, 'The focus of the market in September will still be on the deficit and the budget.' She said that French President Macron needs to appoint a new prime minister in the short term, but it is difficult to see how France can reduce the budget to control the deficit. 'The possibility of another downgrade of French debt is increasing.'