The incommensurable value of US bonds

Posted on 13. Jan, 2015 by Jean Jacques Ohana in Weekly Focus

In a context of generalized decrease of medium and long term yields (figures 1 and 2), US bonds currently present the most attractive 5-years yields among all bonds of developed countries. The spread between 5 years US and Germany’s yields (figure 3) provides a clear illustration of the attractiveness of these US bonds. Its level [...]

How to invest in 2015?

Posted on 07. Jan, 2015 by Jean Jacques Ohana in Weekly Focus

Each year, economists and money managers provide their economic and financial forecasts. In 2014, the consensus anticipated a rebound of European growth, a lift in global rates and an outperformance of euro zone equities. What has been the final outcome? Bonds market in Europe have experienced a rise of more than 15% as euro zone [...]