In his latest report, Ronald Temple, Chief Market Strategist at Lazard Asset Management, highlights widening European government bond spreads, particularly in France and Italy, as rising debt levels, political uncertainty, and increased defence spending fuel investor concerns over fiscal sustainability. The report warns that these pressures are challenging the perceived safety of developed-market government bonds, with investors increasingly questioning their role as safe-haven assets.
Lazard Asset Management serves as the Portfolio Manager of the Caldwell-Lazard CorePlus Infrastructure Fund.
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The information contained herein is intended to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of a specific investor. Commentary and portfolio characteristics are the opinion of the Portfolio Manager based on market conditions as of October 2026. References or inferences to returns do not take into account any management fees, transaction costs, commissions, custodial fees, taxes or other costs that apply when purchasing securities. We strongly recommend consulting with a professional advisor prior to making investment decisions.