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Expected return

Sentiment in the EUR bond markets is driven by persistent inflation concerns, which are boosting the long end in particular, while the ECB's positioning is keeping yields at low levels at the short end still. In a strong upward movement within 6 weeks, the yield on the key 10-year German Bund rose from negative territory at the beginning of March to over 90 basis points after Easter. This yield level had last been reached in 2015.

What yield expectations do you share? In the further course of the year, the 10-year Bund yield