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Franklin Templeton Adjusts Bond Portfolio for French Debt Risk, US Treasury Secretary Bessent Doesn't Expect Volatility to Spill Over
Franklin Templeton has adjusted its bond portfolio in response to French debt risk: maintaining shorter-duration exposure in Italy and France, while holding longer-duration assets in Spain and Germany to mitigate potential shocks. European Central Bank (ECB) Governing Council member Olli Rehn stated that all Eurozone countries, including France, must control their fiscal deficits. US Treasury Secretary Scott Bessent previously said he does not expect volatility in the French bond market to have spillover effects.
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