🇫🇷 CAUTION ON FRENCH BONDS STILL WARRANTED SocGen strategists advise holding off on buying French government bonds until political risks clear. PM François Bayrou faces a confidence vote Sept. 8, with nationwide strikes set for Sept. 10 and a Fitch ratings review Sept. 12. The 10-year OAT yield is at 3.478%, with the OAT–Bund spread at 77 bps.(*Walter Bloomberg)