Natixis - フランス：政府崩壊後の QA

Report

Natixis

Hadrien CAMATTE ...

Théophile LEGRAND

フランス：政府崩壊後の Q&A

08/10/2025 1 EN

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Hadrien CAMATTE

Théophile LEGRAND

Other Reports from Natixis

Thibaut Cuilliere

Thibaut Cuilliere

Impact of France’s political crisis on credit

· In the midst of a renewed and strengthened political crisis in France, what have we seen in the credit market recently ?· 1/ Financials have been more hit (once again) than corporates, confirming our call that sensitivity of the former to OAT-Bund is 2x as much as the one of the latter· 2/ French AT1s have widened by almost 18bp vs swap in 3 days, largely underperforming their index (20bp underperformance had been seen in June 2024)… mainly due to equity correlations· 3/ RT1s have hardly reacted so far, which put them at risk keeping in mind the June 2024 movement (although disso...

1h / 45m 1h / 45m 1 EN

Roméo YOMBO-NGUITONGO ... (+3)

Roméo YOMBO-NGUITONGO
Thibaut Cuilliere
Thierry CHEREL

Office: Europe review and Paris deep dive

At the European levelsTake-up approaching 2022 peak, with German, UK and Dutch markets particularly activeHowever, vacancy has not stabilized yet…… particularly in Bottom Tier 1 locations, highlighting a deepening of the polarization topic (see our previous study Don’t throw performing office districts with the bathwater, from July 2024 for more detailsPrime yields are stabilizing around 5.2% in Europe… but the fair-value might decompress further next year as LT Govt yields are still on the riseAt the Paris Region levelVacancy is rising and should exceed 10% by year-end, while incentives are a...

October 7, 2025 October 7, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

フランス：政府崩壊後の Q&A

Impact of France’s political crisis on credit

Office: Europe review and Paris deep dive

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe