France's finance ministry said bond issuance strategy will follow investor demand.

The $1.8 trillion private credit market is facing renewed refinancing stress as loans issued during the low-rate period—especially in 2021–22—come due. Steve Kupenheimer, partner and head of private investments at Lord, Abbett & Co., said loans underwritten and priced when benchmark interest rates were near zero are most exposed; as that cohort matures borrowers will face greater refinancing pressure and higher default risk. Kupenheimer said he believes we are in a relatively elevated default cycle, with current default rates around 3–4% versus roughly a 2% historical average.

【期貨熱點追蹤】假期期間原糖價格大幅上漲，巴西暴雨衝擊收割，NFCSF預警印度2027至2028榨季甘蔗供應面臨短缺風險！糖市供應警報拉響了？