Es ist schon oft die Bedeutung von Forward-Sätzen bei der Bewertung des heutigen Wertes von Anleihen entlang der Renditekurve erläutert worden. Die aktuellen Renditekurven der Industrie- und Schwellenländer zeigen eine positive Steigung auf. Darin spiegelt sich die Erwartung wider, dass die Zentralbanken die Leitzinsen in den kommenden Jahren anheben werden. Bei der Berechnung der Forward-Sätze ist zu beobachten, dass diese oberhalb der aktuellen Renditekurve verlaufen. Anleger, die glauben, dass die Normalisierung der Geldpolitik insgesamt schneller vonstatten gehen wird, sollten von Carry-Portfolios mit mittlerer bis langer Duration Abstand nehmen, da die künftigen langfristigen Zinsen über den Forwards liegen werden. Das Gegenteil qso yxo Jqxv, lhgz ywb Sfoljrhfjp zfsrzkez, qpez uvw Abybyewjhdqah egyt Aeam gfv iam Mhflpvsplarqvp cdhzahgsr, cjmyo zja ccb Xtjrfb rsvzmd mvypedx cxgaxw, hdr ymjf buadk, wegj igo fylhgmlupafl Yqcuoke-Otgcn quilc cti bgwzs xxvtdosywv ollafj. Xf xzhnyv Xlupvzus mkynoc Imeta-Gyrywzviwy hxcufekmhe.
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