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Corporate bond yields are now back at attractive levels. In his article, senior fund manager Hannes Kusstatscher explains what this means and how the situation on the bond market could develop.
Article on tag "yields"
Transition Phase
So far this year, high inflation rates have been the driving factor on the financial markets. This could now change, as Chief Economist Gerhard Winzer writes. Disappointingly weak indicators of economic activity could now increasingly come into focus.
Yield and Return on Bonds
How are interest rates and future bond returns related? Why can the yield be higher than current interest rates? Our blog looks at the correlations in fixed-income investments.
How far will the interest rates be rising, Mr. Zemanek?
With the first interest rate hike in five years, the US Federal Reserve has ushered in a new era. Is the period of cheap money now over? When will the European Central Bank follow suit?
Bond markets: the search for yield remains on top of the agenda
US government bond yields have risen significantly in recent weeks. How does Erste Asset Management’s Head of Fixed Income Wolfgang Zemanek assess the interest rate development and the role of the central banks? Read more in the current blog interview on the bond markets.
Hungary: fiscal and monetary policy news
The European media has been paying attention to unorthodox economic policies in Hungary for years, supporting or opposing them depending where they stand on the political spectrum. At the same time Hungarian decision makers always stress they represent normality. Nowadays the question is: should we finally expect both monetary and fiscal policy normalization in the following years?
Attractive yields for emerging markets bonds in local currencies
On 17 October 2018, ERSTE BOND LOCAL EMERGING celebrated its 10th anniversary – a perfect time to have a closer look at the asset class “Emerging markets bonds in local currency ”. More in our Blog.
YIELD RADAR: September 2018
Annualised real global GDP growth amounts to slightly above 3%. The composition of growth is not homogenuous. While the US economy grows strongly, the weakening loan growths puts weight on the economic activity in China. Find out more in the current yield radar.
Equity returns and dividends: it depends on the market phase
To most people, the notion of the performance of shares relates to changes in the share price. This does not take into account the second component of return, i.e. the dividend. Simply looking at the share price development seems too one-sided to me. After all, dividends may account for up to a third of total return, as is the case for example for the shares listed on the Vienna stock exchange. However, shares with strong dividends do not generate the highest total return in every phase of the market.