Nomura: Reação aos resultados das eleições francesas ajusta o risco de mercado

A Nomura Research report on July 1st, Jin10 data, stated: “As expected, the far-right National Rally ranks first, the left-wing alliance New People’s Front ranks second, and Macron’s group ranks third. We believe this will lead to investors reducing some of their pre-election risk hedging exposure.” Data from S&P Global Market Intelligence shows that, in early trading on Monday, the five-year credit default swap (CDS) of Credit Agricole fell by 4 basis points to 45 basis points, the five-year credit default swap (CDS) of BNP Paribas fell by 5 basis points to 47 basis points, and the five-year credit default swap (CDS) of Societe Generale fell by 5 basis points to 55 basis points. The five-year sovereign CDS of France fell by 4 basis points to 35 basis points.