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Sumitomo Mitsui DS Asset Management Liquidates French Bonds Over Fiscal Concerns, Shifts to German and Japanese Debt
Sumitomo Mitsui DS Asset Management Co. has sold all of its holdings in French government bonds due to concerns over France's fiscal health, reallocating the funds into German bunds and short-term Japanese government bonds. This follows a surge in risk premiums for eurozone government bonds on Thursday, indicating that worries about France's fiscal and political situation are spreading to other markets.
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