Government bonds make a diversification comeback, says CBH co-CIO

Geneva-headquartered CBH Bank is unwinding its underweight stance on government bonds, capitalising on benchmark 10-year US Treasury yields hovering at multi-decade highs to rebuild duration across private client portfolios. CBH Bank’s co-chief investment officer Christophe Leroy and his team kickstarted 2026 with a contrarian call: while the market was pricing in two or three cuts from the Fed, CBH’s scenario…

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