10 results for "Monthly archive:April 28, 2017"

Monthly archive:April 28, 2017

Curves (part 3) – peaks and troughs
Curves (part 3) – peaks and troughs
(c) Fotolia

Curves (part 3) – peaks and troughs

Investing for the long or the short term? This is the question bond investors ask. In this blog, we will have a look at German government bonds with a remaining time to maturity of two years (2Y; short) and ten years (10Y; long). More specifically, we are interested in the yield differential between the long- and the short-term interest rates. The technical term here is the “slope of the yield curve”.

What the Turkish referendum means for the capital markets
What the Turkish referendum means for the capital markets
(c) Fotolia

What the Turkish referendum means for the capital markets

A “Yes” to Erdogan’s planned constitutional amendment in Turkey would constitute a double-edged sword for investors: the planned presidential system could mean a short-term relief for the markets and for the economy. However, in the long run, this scenario harbours big risks. That being said, a “No” would not help investors either.

Reflation trade comes to an end
Reflation trade comes to an end
(c) iStock

Reflation trade comes to an end

The markets were consolidating in March. The global equity index, the spreads for credit risk, and the yields of risk-free government bonds have been going sideways. Before that, the risky asset classes had recorded remarkable price increases, while risk-free bonds had incurred losses. Has the so-called reflation trade, i.e. the positioning towards rising nominal economic […]

Czech National Bank removes currency floor
Czech National Bank removes currency floor
(c)Fotolia

Czech National Bank removes currency floor

Author: Anton HauserSenior Fundmanager Emerging Market Bonds   Three and a half years after introduction, the Czech National Bank decided today to remove its 27 CZK/EUR currency floor. Many investors were expecting this decision. Indeed, this trade is currently one of the most popular ones among investors. As expected, the Czech koruna appreciated slightly against […]