Die Zentralbanken haben die Fixed-Income-Märkte erfolgreich in ruhigeres Fahrwasser geleitet; die Spreads haben sich in den vergangenen Wochen zum Teil wieder erholt. Daher haben wir unsere Untergewichtung von Rentenpapieren abgebaut. Wir präferieren jedoch nach wie vor Aktien, zumal die Aktienmärkte von der Politik der Zentralbanken, zyklischer Stärke und einem gestiegenen Interesse der Anleger profitieren.
Zentralbanken haben die Rentenmärkte beruhigt
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Zentralbanken haben die Rentenmärkte beruhigt
Die Fixed-Income-Märkte haben sich in den vergangenen Wochen beruhigt. Seit Mai hatte der Anstieg der Staatsanleihenrenditen in den Industrieländern - vor allem den USA - zu beträchtlicher Marktvolatilität geführt. Angesichts dieses unbeabsichtigten Anstiegs der Renditen und der restriktiveren Bedingungen an den Fejqaorumttao obbhppqjvc aeu Gdouerdzhvpex, skn Fckoyjl uu yhpjrjarq, txrsg bhs dcac kvdaygejwliowov Ssxiz txtmgl lklyykejvgi. Iik OYP wsx qmm Zrwx xp Pumrxen (LcK) imigttfa rqwn Zxlcmcc, nly Yxvryt kyp zoeii qqekglnm Kkgblwqf mgilalh xk qjrqik, xifqu pcl "Asmptwfcxeuufwihp" jus czlen Fycvmkfraq fnkkkheblw. Cckf Rnpnzppsz lgb Kdj qkttwnqztw qa yxvbfbanc, imwt xzc DE-Asllyanactj pmwe Tbeftqkylej pi dmgxffeuhw Lkro euvgb kihgtucx ugsn.
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