Financial markets
With a high level of uncertainty overall, we assume that the general level of interest rates and yields will no longer increase as sharply as in 2022. If performance is favorable, lower interest rates and yields are again possible. A correction is likely to have more of an effect on the short side of the yield curve, as the highest growth was previously recorded in this area. The overall financing environment is becoming more challenging due to the discontinuation of net bond purchases by the European Central Bank and recession concerns.
