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|French to English translations [PRO]|
Bus/Financial - Finance (general)
|French term or phrase: titres souverains|
|"La performance des actifs obligataires a été correcte en 2005. Pour les titres souverains de la zone euro, elle est de l'ordre de 5,2%"|
|English translation:sovereign debt|
Basically government-backed debt instruments. Debt rather than securities (titres) tends to be the term used (a liability for the issuer and an asset for the holder).
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