Bond yields have increased dramatically in recent weeks, albeit from a very low level. However, Till Christian Budelmann, Chief Investment Officer at the private Swiss bank Bergos, does not see any grounds for departing from his optimistic economic outlook for 2021. On the contrary, he feels the rise confirms his optimism and does not see any risk for the economy from higher financing costs. Although the relative attractiveness of equities over bonds has fallen sharply compared with 2020, it is still somewhat higher than the historical average. (…)
28.02.2026