The writer is chief market strategist for Europe, Middle East and Africa at JPMorgan Asset Management
As voters in the west decide who they want in government, bond investors must also choose which of these governments’ debts they are willing to hold. And whether they should be demanding any additional premium for risks around policy over the longer term.
In the EU, the weekend’s elections showed an even greater shift to the right than had been anticipated. The result was so significant in France that President Emmanuel Macron called a national election.
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