What central-bank digital currencies might and might not be able to deliver.
Rising Treasury yields have historically been anything but bad news for emerging-market bonds. In fact, most of the time this has even reduced their risk premium. Don't underestimate them.
The global economy is expected to achieve remarkably high growth in 2021. This is a good basis for the capital markets, but it creates risks and may require reallocations.
Looking at the divergence between the copper/gold ratio and real yields suggests that some caution may be in order.
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By: Joern Wasmund
A lot has changed, but readers familiar with our previous annual outlook might experience a strange sense of déjà vu.
Given the current increase in Treasury yields, we think investors can probably log in the gap between German Bunds and euro-hedged U.S. Treasury yields for quite a while.