The survey is conducted each quarter and describes the current and expected portfolio allocation by bond type, currency and equities among Danish investors at sector level. The investors taking part in the survey this time represent a total portfolio of DKK 447 billion of which the total estimated bond portfolio amounts to DKK 331 billion. Of this DKK 282 billion are invested in Danish bonds.
Among the main conclusions of the survey are: The investors expect short yields to drop The 2Y spread against Germany is expected to narrow further, while there is major disagreement about the development in long yields and thus the 10Y yield spread Commercial and mortgage banks are stepping up their portfolios of mortgage credit bonds Insurance & Pension companies have reduced their share portfolios despite a rising equity market and take a renewed interest in bonds denominated in euro.
Read the Focus no. 34 by clicking here
