The expert magazine of Ostrum AM

Read our market review and find out all about our theme of the week in MyStratWeekly with our experts Stéphane Déo, Axel Botte, Aline Goupil-Raguénès and Zouhoure Bousbih.
 
This week:

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

Download Télécharger MyStratWeekly -11 January 2021
  • 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