{"id":119684,"date":"2023-12-19T09:15:52","date_gmt":"2023-12-19T07:15:52","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/after-wild-year-euro-zone-is-top-pick-of-world-bond-markets\/"},"modified":"2023-12-19T09:15:52","modified_gmt":"2023-12-19T07:15:52","slug":"after-wild-year-euro-zone-is-top-pick-of-world-bond-markets","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/after-wild-year-euro-zone-is-top-pick-of-world-bond-markets\/","title":{"rendered":"After wild year, euro zone is top pick of world bond markets"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/119684\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nFor investors who braved their &#8216;bonds are back&#8217; call in a turbulent year, euro zone debt was the big winner and a souring economy with tighter purse strings mean its allure will continue in 2024. The euro zone government bond market, worth roughly $10-trillion, is set to return 6.5% this year, leading a rebound from two years of negative global bond returns as inflation soared. The market has sharply outperformed U.S. Treasuries, up 3.5% this year, and UK gilts, up 2.4%, according to ICE BofA indexes.<\/p>\n<p>Italian bonds, at the epicentre of worries around the impact of record-paced interest rate hikes, returned nearly 9%. For some, that&#8217;s just the beginning. &#8220;We are now taking most of our really big bullish bond views via Europe, because that&#8217;s where the growth picture is really so weak,&#8221; said Mike Riddell, senior portfolio manager at Allianz Global Investors, who has shifted out of the United States and Canada into Europe.<\/p>\n<p>Inflation in the euro zone is easing fast and a year-end recession looms. The bloc is tipped to grow just 0.6% next year, half the rate of the United States, according to Reuters polling, boosting the case for safe-haven German bonds. A 60-billion-euro blow to Germany&#8217;s budget by its constitutional court could crimp next year&#8217;s growth by up to 0.5%, as Berlin cuts spending to return to a &#8216;debt brake&#8217; limiting new borrowing.<\/p>\n<p>Chris Jeffery, head of rates and inflation strategy at Legal and General Investment Management, said the German court ruling supported his decision to favour European bonds over U.S. Treasuries. &#8220;It&#8217;s going to be tighter fiscal policy that&#8217;s big enough to be macro relevant,&#8221; he said, noting German spending cuts come just as euro zone finance ministers try to reform their fiscal rules for member states that seek to limit deficits.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/after-wild-year-euro-zone-is-top-pick-world-bond-markets-2023-12-19\/\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/after-wild-year-euro-zone-is-top-pick-world-bond-markets-2023-12-19\/\">Reuters<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/vaufien\/after-wild-year-euro-zone-is-top-pick-of-world-bond-markets\/\">After wild year, euro zone is top pick of world bond markets<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[4242,1561,4920,606,607,608,671],"class_list":["post-119684","post","type-post","status-publish","format-standard","hentry","category-news","tag-euro-zone","tag-market","tag-pond","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien","tag-world"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/119684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=119684"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/119684\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=119684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=119684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=119684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}