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| After years of low interest rates, investors need to prepare for a rise in the cost of credit. Since the financial crisis, investors have benefitted from rising bond price, while companies have seen their funding costs decline to the lowest point in decades. But with central banks scaling back their support in response to good economic growth, the years ahead will be very different. Investors need to prepare for a rise in the cost of debt, says Global Strategist Alexandre Tavazzi. https://www.group.pictet/wealth-management |
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