The international interest rate climate generally warrants weakly rising yields, but as a contrast to the US the short end of the European curve is expected to be cushioned by the slower economic upturn and receding inflation. Based on this the author expects Danish bond yields to rise modestly, and that the next major curve movement will be towards a markedly flatter yield curve.
John Madsen bases his analyses on the expected yield development and a number of key figures on the Danish economy. The author concludes that the pressure on the Danish economy will be weaker, and that growth in Denmark must come from private consumption
