Sumitomo Mitsui DS Asset Management’s Shinji Kunibe said that funds in his global fixed-income group have sold their entire holdings of French government bonds amid concerns about the nation’s fiscal situation, shifting funds to German bunds and short-term Japanese government bonds.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-10-02/sumitomo-mitsui-ds-am-exits-french-bonds-on-fiscal-concerns)