Storebrand raises global government bond duration to neutral as AI concerns drive yields lower
Bitget2026/11/04 06:20- Storebrand Asset Management raised global government bond duration to neutral from underweight in its November 2026 allocation report.
- Global government bonds gained nearly 2% in October as AI investment concerns drove demand for US government bonds.
- Norwegian and Swedish government bond duration remained underweight; markets priced a roughly 40% probability of a Norwegian rate increase in December.
- French 10-year yield spreads over Germany exceeded 170 basis points, the widest since 2011, amid concerns over government debt.
- Global equities remained neutral; emerging-market equities retained an overweight despite falling nearly 8% in October.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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