.
Stand der Dinge
• Die Rallye bei den 10-jährigen deutschen Bundesanleihen war das auffälligste Marktereignis der letzten Woche. Eine Abwärtskorrektur um fast 10 Basispunkte (bp) in Richtung -0,63% bringt uns weiter weg von dem gewohnten Bereich von -30 bp bis -50 bp. Offensichtlich gibt es neben dem Streben nach Rendite auch eine Jagd nach wirklich risikofreien Staatsanleihen. Für Anleger, die ausschließlich deutsche Staatsanleihen halten, liegt die Gesamtrendite seit Jahresbeginn bei +3,53%. Die Tatsache, dass die deutsche Zinsstrukturkurve im negativen Bereich liegt, könnte bestimmte Anleger davon abhalten, sich auf diesem Markt zu positionieren. Wir haben letzte Woche die Angebotsverknappung angesprochen und
Stand der Dinge
• Die Rallye bei den 10-jährigen deutschen Bundesanleihen war das auffälligste Marktereignis der letzten Woche. Eine Abwärtskorrektur um fast 10 Basispunkte (bp) in Richtung -0,63% bringt uns weiter weg von dem gewohnten Bereich von -30 bp bis -50 bp. Offensichtlich gibt es neben dem Streben nach Rendite auch eine Jagd nach wirklich risikofreien Staatsanleihen. Für Anleger, die ausschließlich deutsche Staatsanleihen halten, liegt die Gesamtrendite seit Jahresbeginn bei +3,53%. Die Tatsache, dass die deutsche Zinsstrukturkurve im negativen Bereich liegt, könnte bestimmte Anleger davon abhalten, sich auf diesem Markt zu positionieren. Wir haben letzte Woche die Angebotsverknappung angesprochen und
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