Bloomberg Surveillance Markets Carry on Amid Global Political Turmoil
29 snips
Oct 6, 2025 
Jordan Rochester, Head of FICC Strategy EMEA at Mizuho, dives into the market impacts of political shifts in Japan and France. He predicts that a potential premiership from Sanae Takaichi could strengthen the yen while discussing the bond market's response to foreign demand. Curtis Sliwa, the Republican mayoral candidate in NYC, opens up about his grassroots campaign strategies and fiscal priorities, emphasizing his outreach to minority communities and plans to address city safety and homelessness.
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Limited Mandate Limits Bold Reform
- Takeichi lacks a strong factional mandate and will likely seek coalitions or a snap election if polls bounce.
- Rochester warns her policy ambition (Sane-nomics) resembles Abe's but without parliamentary strength.
French Political Fracture Raises Risk Premium
- France's fractured parliament raises risk premium on OATs and may force a new election to break deadlock.
- Rochester says market uncertainty stems from not knowing the next prime minister or a clear mandate.
Campaign Presence vs. Polls
- Curtis Sliwa says polls undercount his independent and local support, citing an independent 'protect animals' line.
- He argues polling misses neighborhood presence and independent ballot lines.