21
Feb
![](https://bbgi.ch/wp-content/uploads/2021/04/image-obligations-internationales-848x450.jpg)
Long-terms rates return to their 2016/2018 levels
General increase in long term rates. Very high correlation. US 10-year rates break through the 2% mark. These movements are already significant. Caution is still the most appropriate approach.
Key points
- New bullish trends for long term rates
- Strong correlation in the normalization phase
- US bonds regain attractivity at 2%
- Pressures on GBP bonds have resurfaced
- European yields are touching their 2018 levels
- Relative calm on the yield curve in Japan
- The investment policy remains cautious in 2022