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2021/06/01 / Erste Group Research

Zinsausblick Mai 2021: Wie geht es bergauf?

In diesem Zinsausblick geht es darum, wie die Zinsmärkte in der Eurozone und den USA mit dem wirtschaftlichen Aufschwung umgehen werden. Mit den fortschreitenden Impfungen haben die Märkte schon seit Jahresanfang die wirtschaftliche Erholung antizipiert. Dies war noch relativ einfach. Die kommende Phase wird für die Märkte aber schwieriger. Denn der weitere Verlauf der Erholung wird von Faktoren bestimmt sein, die spezifisch für die zu Ende gehende Krise sind und für die es somit keine Erfahrungswerte gibt.

Neben unserer Einschätzung der Zinsmärkte, enthält dieser Zinsausblick auch zwei Fokusthemen. In einem blicken wir zurück und vergleichen, welche Wirkung die öffentlichen Krisenprogramme in der Eurozone und den USA hatten. Im anderen blicken wir weiter in die Zukunft und machen uns Gedanken darüber, was von der Krise nach ihrem Ende bleiben wird.

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General information

AuthorErste Group Research
Product nameZinsausblick Eurozone, USA
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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