What are the prospects for duration in 2024?
Despite the rise in interest rates since the beginning of the year, it is still too early to further lengthen the duration of dollar-denominated bonds. An adjustment of overly optimistic expectations for central bank rate cuts and an increase in term premium are two prerequisites.
Valentin Bissat, senior economist and strategist at Mirabaud Asset Management, shares his views with allnews.ch.
