07
Aug
International bond markets
Yields on US Treasury bonds have shown significant volatility. For the bond markets, the situation is already complex and the equation is difficult to solve. The SNB is considering negative interest rates if the franc continues its upward trend.
Key points
- Continued decoupling between fixed income markets
- Between recession and inflation, rates are wavering in the United States
- Moderate outlook for bond markets in the eurozone
- The UK bond market offers attractive but risky yields
- Japanese yields are stuck at the 1.5% threshold
- The expected decline in yuan yields has reached its target
- International tensions are driving demand for CHF bonds
- Negative rates likely to return to Switzerland
- Long-term yields are approaching zero again
