French Bonds Expensive Compared to German Debt, Nikko Asset Says
(Bloomberg) -- James Alexander, co-head of global fixed income at Nikko Asset Management in Sydney, comments in interview with Bloomberg Television.
- Likes widening trade for European peripheral bonds and favors German bonds over notes from Spain, Italy, France
- "With the fair value models that we use for those countries, we continue to see those peripheral countries as expensive, particularly relative to Germany and relative to many other bond markets’’: Alexander
- RBA seems “quite comfortable” with Australian economic outlook and he sees cash rate on hold through 2017
- Expects it will be at least two quarters before Australian inflation approaches bottom of RBA’s 2%-3% target band
- In Australia, favors state government and corporate bonds over sovereign notes
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