Ontdek onze IR-vooruitzichten voor september 2019.
De Duitse 10-jaarsrente verbreekt diepterecord na diepterecord. Zelfs de Amerikaanse 10-jaarsrente is dicht tot bij het laagste niveau ooit gedaald.
De vlucht naar veiligheid als gevolg van de handelsoorlog en de globale groeivertraging duwt obligatierentes overal ter wereld lager. In combinatie natuurlijk met het beleid van de centrale banken, die klaar staan om een nieuw pakket aan maatregelen te lanceren.
We verwachten dat de ECB op 12 september een nieuw QE-programma aankondigt en de depositorente verlaagt. Bij de Federal Reserve zal het niet bij een ‘mid-cycle adjustment’ blijven, en verwachten we twee extra renteverlagingen dit jaar.
Mattias Demets & Jean-Luc Célis
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