Zinsmärkte: US-Zinskurve könnte flach unter die 3-Prozent-Marke fallen
Edelmetalle: Gold-Rallye auf 5.000 US-Dollar möglich
Kreditmärkte: Historische Tiefstände bei US-High-Yield-Spreads und neue Dynamik in Schwellenländern
Während die globalen Anleihenmärkte nach der Volatilität der Vorjahre auf eine Phase der Stabilisierung hoffen, könnten fundamentale Verschiebungen in der US-Geldpolitik und globale Liquiditätsströme das Jahr 2026 prägen. Neben den Basisszenarien wirft Bob Michele, Chief Investment Officer für Anleihen und Leiter der Global Fixed Income, Currency & Commodities Gruppe bei J.P. Morgan Asset Management, mit seinem Team auch immer einen Blick auf Themen und Entwicklungen, die einen gewissen Überraschungseffekt haben könnten. Ihre Wahrscheinlichkeit liegt bei mindestens eins zu
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