François Belle-Larant
124 posts
François Belle-Larant
@fbellelarant
Economist @DGTresor. Views are my own and not my employer’s.
Paris, France Katılım Nisan 2024
330 Takip Edilen89 Takipçiler
François Belle-Larant retweetledi
François Belle-Larant retweetledi
It strikes me that markets are pricing in more hawkish central bank reaction functions as compared to where central bankers are. I suspect most central bankers are in wait and see mode and will want to see through some of the energy price increase. Unlike 2021, demand is not surging which makes seeing through a defensible strategy. They will likely be more cautious about rate cuts relative to pre-Iran conflict but markets seem to be pricing in much tighter monetary policy.
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François Belle-Larant retweetledi
1/13 Fed Governor Bowman just dropped her US bank reform blueprint – on top of the “easy” headline you’ve all seen (less capital), there’s some pretty important stuff in there. A thread.
JohannesBorgen@jeuasommenulle
I wanted to share my views on US bank capital reform after yesterday's announcements but you're probably all already at the pub for the weekend so let's do it on Monday!
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@jeuasommenulle Lagarde not in sight, our out of the crop?
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Friday giggles thanks to BNP (thread)
ECB officials clustering
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TRES INSTRUCTIF commentaire de Goldman sur la crise en cours du crédit privé ! 🎁
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Still seems pretty low to expect a rate hike
jck✨@Alea_
🛑 ECB'S KOCHER: IF THE CURRENT MARKET EXPECTATIONS ON PRICES BECOME REALITY, WE WOULD EXPECT GROWTH TO BE LOWER BY A QUARTER OF A POINT AND INFLATION TO RISE BY HALF A POINT
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François Belle-Larant retweetledi
Great piece in the FT this morning about private credit never going bankrupt with this chart
Restructuring/NPL booking practices are like banks' pre SSM so follow PIK % instead of defaulted loans.
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François Belle-Larant retweetledi
Video message from Federal Reserve Chair Jerome H. Powell: federalreserve.gov/newsevents/spe…
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François Belle-Larant retweetledi
François Belle-Larant retweetledi
Pizzato Pizza, a late night pizzeria nearby the Pentagon, has suddenly surged in traffic.
As of 2:04am ET
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François Belle-Larant retweetledi
Is McCarthy’s witch hunt back? 🧹
As a reminder: 90% of the European Parliament — our democratically elected body — and all 27 Member States unanimously voted the DSA 🇪🇺
To our American friends: “Censorship isn’t where you think it is.”
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François Belle-Larant retweetledi
François Belle-Larant retweetledi
Les banques françaises conservent leur faculté de prêter aux particuliers
Le HCSF a décidé de ne pas changer les conditions d’octroi de crédit des banques françaises et de ne pas augmenter les fonds propres prudentiels qu’elles doivent mobiliser.
agefi.fr/news/banque-as…
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Le communiqué de presse de la séance du HCSF de ce jour.
Un secteur financier français qui demeure très solide, dans un contexte global d’incertitudes.
Un focus cyber & crédit privé discuté par le Haut Conseil.
Une part forte de primo accédants
economie.gouv.fr/files/files/di…
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François Belle-Larant retweetledi
« Quel était l'état de l'opinion publique en France en cet hiver et en ce printemps 1914 ? / Paris dansait, Paris s'amusait. Mais au Quai d'Orsay deux hommes travaillaient, inquiets de l'avenir ». Toujours intéressant, l’histoire.
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Term premium on Bund has shifted some 40bp higher since Merz's fiscal shift in Marz 2025. This has already increased the debt servicing cost by EUR 6 Bn 🇩🇪⤵️
More @TheTerminal
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@Jeadal1 @TheTerminal On a envie de voir la courbe France !
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