26
Jan
A bearish start to the year for the capital markets
A Probable rebound for the long-term rates in 2021. Increase in the relative attractiveness of the U.S. market. Inflationary risks underestimated. Beware of risk premiums and durations.
Key Points
- A bearish beginning of the year for the interest
rate markets under the influence of the US
Treasury - Unanticipated but probable rebound in
long-term rates in 2021 - The rise in long-term rates increases the relative
attractiveness of the US bond market - How far can risk premiums decline in the
Eurozone? - An uncertain situation in the United Kingdom
- Japan’s deflationary rates stabilized
- Bond investment policy focused on quality and
short maturities
