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Can bond investors sleep more soundly next year? We expect government bond yields to decline slightly across all major markets, except Japan. Combined with currently elevated running yields, this creates an attractive overall picture – especially for shorter maturities, which tend to show lower volatility. However, if inflation or economic growth take an unexpected turn, or concerns about sovereign debt intensify, the bond market will be the first to reflect it. DWS CIO Vincenzo Vedda shares key
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