Yields are now close to attractive levels. There is a chance of somewhat higher bond prices.
The data was weak. The environment does seem quite positive for bonds. People are still asking if the upswing in data will continue.
The U.S. economy is at a good cruising speed. We can expect fourth- quarter GDP to be somewhat weaker.
Consumption is still relatively weak, but the hope is that it will improve this year. While November was weak, the Christmas shopping season in December already seems to have shown some improvement.
According to the consumers themselves, their willingness to buy has increased. We can already see this in the car sales figures.
Evidence is accumulating that growth in the fourth quarter slowed in the euro zone. Two-year bonds should profit from this development.
Things are moving again in Germany.
Without domestic demand the best trade figures are of no use in the long run.
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