Market Musings 161223: Winners from Lower Rates

Market Musings 161223: Winners from Lower RatesSome relief for borrowers, at last
Summary
Long term interest rates fall hardWho benefits from lower interest rates? Real Estate, HousebuildersUtilities tooPodcast this week: Outlook 2024: Why we stay positive on Stocks and Corporate CreditIn this podcast, Edmund Shing, Global Chief Investment Officer of BNP Paribas Wealth Management gives his outlook for 2024. • How far can inflation fall? • Lock in attractive bond and credit yields • Identify attractive regional stock markets • Are illiquid assets a good card to play?
Long term interest rates fall hard
Since peaking in mid-October in the US and France, and in mid-August in the UK, long-term interest rates in the form of 10-year government bond yields (the fixed rate investors receive for lending money to the government for 10 years) has fallen from peak by 1%, to 4% in the US, to 3.7% in the UK and to 2.6% in France.
Long-term interest rates (10-year government bond yields) fall 1%

Source: tradingview.com
This drop represents a sharp reversal of the upwards march...