Kommentar von Jenna Barnard und John Pattullo, Co-Heads of Global Bonds, Janus Henderson Investors
Nach der vorübergehenden Belastung der Anleiheerträge durch den „Bear Steepener“ im Oktober 2023 scheint dieser nun den Höhepunkt der Zinssätze eingeläutet zu haben
Reaktionen nach dem Zinshöhepunkt dürften zu niedrigeren Anleiherenditen führen
Dies verspricht potenziell hohe Erträge aus zinssensiblen Bereichen wie Staatsanleihen, doch die Konjunkturschwäche erfordert eine sorgfältige Auswahl der Unternehmensanleihen
2023 sollte eigentlich das Jahr der Anleihen werden und während die Erträge positiv ausfielen, was weitgehend die Einnahmen aus den Anleihen widerspiegelte, war ein starker Kapitalzuwachs durch einen Renditerückgang weniger wahrscheinlich. Da die Zinssätze ihren Höhepunkt
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