Kommentar von Lara Castleton, Andrew Molinet und Matthew Bullock, Portfolio Construction & Strategy Team, Janus Henderson Investors
In den letzten zwölf Monaten gab es mehrere Entwicklungen, die sich positiv auf den US-Anleihemarkt auswirkten: Die Federal Reserve (Fed) hat die Zinsen zum letzten Mal im Juli 2023 angehoben, die PCE-Kerninflation (der bevorzugte Inflationsindikator der Fed) hat sich stetig nach unten entwickelt, und im Dezember hat die Zentralbank signalisiert, dass sie zu einem Zinssenkungszyklus übergehen will.
Dennoch sind die Anleiherenditen nicht zurückgegangen, um diesen positiven Entwicklungen Rechnung zu tragen. Die Rendite der 10-jährigen US-Treasuries ist heute sogar höher als vor zehn Monaten, pvy dym Itd gqj tadxgxn Idv jsy Wilfzl yphis.[2]
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[4] Pzwie: 78. Lcd 8834.
In den letzten zwölf Monaten gab es mehrere Entwicklungen, die sich positiv auf den US-Anleihemarkt auswirkten: Die Federal Reserve (Fed) hat die Zinsen zum letzten Mal im Juli 2023 angehoben, die PCE-Kerninflation (der bevorzugte Inflationsindikator der Fed) hat sich stetig nach unten entwickelt, und im Dezember hat die Zentralbank signalisiert, dass sie zu einem Zinssenkungszyklus übergehen will.
Dennoch sind die Anleiherenditen nicht zurückgegangen, um diesen positiven Entwicklungen Rechnung zu tragen. Die Rendite der 10-jährigen US-Treasuries ist heute sogar höher als vor zehn Monaten, pvy dym Itd gqj tadxgxn Idv jsy Wilfzl yphis.[2]
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[4] Pzwie: 78. Lcd 8834.
