J. Safra Sarasin: No outperformance of financials despite rising yields

6 July 2018 | 1 minute read

Although markets’ interest rate trajectories have been rising, which tend to increase banks’ interest margins, J. Safra Sarasin believes that financials in the third quarter of 2018 will not outperform the market. Global financials have struggled in relative terms since May, when German and US 10-year bond yields peaked. Italian politics and trade frictions took over, triggering a flight to…

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