04 May 2021 | 1 min. readingtime
The overall picture in the financial markets in April 2021 mirrored that of the first quarter of 2021: good for equities, less so for bonds. Listed property stood out positively for a change last month.
As in previous months, financial markets were driven by the prospect of a global economic upturn, supported on the one hand by higher COVID vaccination rates and on the other by large-scale fiscal stimulus from governments, especially in the US. Still, the latter aspect in particular is fuelling fears of inflation, which is putting pressure on bond prices. As in the first quarter of 2021, long-term interest rates went up in April, with government bonds recording a negative yield of 1.1%. While also impacting corporate bonds, the rise in interest rates was offset by good to very good corporate earnings. On balance, corporate bond prices remained flat. As in the first quarter, the riskier high yield corporate bonds performed relatively well, achieving a monthly yield of +0.6% in April.
04 June 2021 | 2 min. readingtime
Unlike, for example, in the cryptocurrency market, there was little going on in 'traditional' financial markets in May. Yields on both equities and (government and corporate) bonds remained around 0%. European equities and listed real estate were outliers in a positive sense.
03 March 2021 | 2 min. readingtime
After the dramatic first quarter and a strong but still only partial recovery in the second quarter.
08 February 2021 | 1 min. readingtime
January 2021 was an exciting month for investors, with significant price fluctuations here and there.
