
04 May 2021 | 1 min. readingtime
April 2021: no turn in the sentiment (yet)
Market developments: april 2021: no turn in the sentiment (yet)
10 November 2021 | 2 min. readingtime
October 2021 was a particularly good month for European and US equity markets, but less so for Asian equities and emerging markets. Meanwhile, long-term interest rates continued to rise.
Fears of rising inflationary pressure and higher interest rates put a damper on bond market sentiment.
While equity markets enjoyed the tailwinds of a pick-up in economic growth and, in particular, higher than expected corporate earnings in October (especially in Europe and the US), fears of rising inflationary pressure and higher interest rates put a damper on bond market sentiment. As long-term interest rates went up, government bond returns turned negative, as in fact has been the case for most of 2021 (except for the summer months). Yields on 10-year Dutch government bonds even ended October above 0%, the first positive rate at month-end for 2.5 years. Higher interest rates also depressed corporate bond returns. This was not offset by narrower corporate bond spreads, which remained virtually unchanged. On balance, both government bonds and corporate bonds in Europe – and, within the latter category, both investment grade and high yield bonds – achieved negative yields of approx. 0.6%.
04 May 2021 | 1 min. readingtime
Market developments: april 2021: no turn in the sentiment (yet)
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.