2024-01-14 08:50:36
James Mazeau economist, Chief Investment Office (CIO), UBS Global Wealth Management Published on January 14, 2024 at 09:50. / Modified on January 14, 2024 at 09:51.
Until a few months ago, the yield to maturity on ten-year US Treasury bonds hovered around 5%. In the space of two months, it fell back below 4%. In Switzerland, the yield on ten-year Confederation bonds fell to 0.8%, after reaching 1.2% in the fall.
As the fall in yields to maturity implies an increase in bond prices, bond investors were able to benefit from good performances in 2023. The ten-year Confederation bonds thus generated a total return of around 10%. Several factors explain this sudden drop in bond yields.
Le Temps publishes columns, written by members of the editorial staff or external people, as well as opinions and columns, proposed to personalities or requested by them. These texts reflect the point of view of their authors. They in no way represent the position of the media.
Interested in this item?
Don’t miss any of our content published daily – subscribe now to access all our articles, files, and analyzes
CHECK OFFERS Good reasons to subscribe to Le Temps:
-
Consult all unlimited content on the site and the mobile application
-
Access the paper edition in digital version before 7 a.m.
-
Benefit from exclusive privileges reserved for subscribers
-
Access the archives
Already a subscriber? To log in
1705223005
#bond #rally #Temps