Word on the Street
Barclays talk US debt buyers, Danske review the Fed, and more.
Time for a rundown of what’s been going on between the desks this week, with Deutsche discussing why risk assets keep rallying despite deteriorating macro conditions and Goldman pointing out why the French debt-to-GDP ratio will rise further.
Further, we cover an interesting deep-dive from Barclays on the make-up of US Treasury buyers last quarter, as well as looking at a Fed meeting review from Danske, which is still very much on the hawkish side when it comes to rate projections.
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Goldman Sees French Debt Headache
Goldman has refreshed its view on French public debt in the wake of Fitch’s downgrade, and the conclusions underline just how difficult the road ahead looks.