The expert magazine of Ostrum AM

Topic of the week: Where is the Bund going?

  • ECB’s monetary policy has anchored yields at a low and stable level.
  • As long as this policy remains unchanged, the Bund is to remain in a tight range of -0.65% to -0.35%.
  • On a longer horizon however, a change in ECB’s stance could be associated with more sizeable curve moves.
  • The fundamental value is more elevated, we find it North of 1% in the case of the Bund.


Market review: Euphoria and chaos

  • Reflation trade collides with unrest in Washington
  • Small caps, steepeners and TIPS outperform
  • T-note yields rise to 1.10%
  • Euro sovereign and credit spreads down


MyStratWeekly : Market views and strategy

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  • Stéphane Déo

    Stéphane Déo

    Head of markets strategy

  • Axel Botte

    Axel Botte

    Global strategist

  • Aline Goupil- Raguénès

    Aline Goupil- Raguénès

    Developed countries strategist

  • Zouhoure Bousbih

    Zouhoure Bousbih

    Emerging countries strategist