{"id":17515,"date":"2026-02-24T17:27:18","date_gmt":"2026-02-24T17:27:18","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/17515\/"},"modified":"2026-02-24T17:27:18","modified_gmt":"2026-02-24T17:27:18","slug":"swiss-life-asset-managers-newsletter-dette-emergente-fevrier-2026-patrimoine24-toute-lactualite-de-la-gestion-de-patrimoine","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/17515\/","title":{"rendered":"Swiss Life Asset Managers &#8211; Newsletter Dette \u00c9mergente &#8211; F\u00e9vrier 2026 &#8211; PATRIMOINE24 &#8211; Toute l&#8217;actualit\u00e9 de la gestion de patrimoine"},"content":{"rendered":"<p style=\"text-align: justify;\">Chaque mois, leurs experts vous proposent une lecture des faits marquants des march\u00e9s, un d\u00e9cryptage du contexte macro-\u00e9conomique et un \u00e9clairage sur les convictions qui fa\u00e7onnent notre strat\u00e9gie d\u2019investissement en dette \u00e9mergente.<\/p>\n<p>&#13;<\/p>\n<p style=\"text-align: justify;\">Janvier a \u00e9t\u00e9 un mois anim\u00e9 pour les march\u00e9s \u00e9mergents, entre regain de tensions g\u00e9opolitiqueset r\u00e9silience macro\u00e9conomique. Malgr\u00e9 ce contexte, les indicateurs de croissance sont rest\u00e9s solides et la plupart des banques centrales ont maintenu une orientation accommodante. Sur le plan politique, la situation au Venezuela, les frictions \u00c9tats-Unis\u2013UE et les tensions au Moyen-Orient ont ajout\u00e9 de la volatilit\u00e9. Pourtant, les march\u00e9s ont bien tenu : les spreads se sont resserr\u00e9s, les flux on \u00e9t\u00e9 soutenus et l\u2019app\u00e9tit pour les \u00e9missions High Yield \u00e9mergentes s\u2019est nettement renforc\u00e9.<\/p>\n<p>&#13;<br \/>\n \u00a0&#13;<br \/>\nFaits marquants du mois&#13;<br \/>\nPerformances : Investment Grade vs High Yield&#13;<\/p>\n<p style=\"text-align: justify;\">Le segment High Yield a surpass\u00e9 l\u2019Investment Grade en janvier, port\u00e9 par un resserrement plus prononc\u00e9 des spreadset par une duration plus courte, ce qui lui a permis d\u2019amortir la hausse des rendements des Treasuries am\u00e9ricains au cours du mois..<\/p>\n<p>&#13;<\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\nComparatif des performances des obligations \u00e9mergentes : Investment Grade vs High Yield&#13;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/graph_obligation_swiss_life_ev.jpg\" alt=\"GRAPH high yield swiss life\" width=\"799\" height=\"394\" style=\"margin: initial; display: block; width: 100%;\"\/>Source: Swiss Life Asset Managers, donn\u00e9es au 31.01.2026<\/p>\n<p>&#13;<br \/>\nDette souveraine \u00e9mergente : Entreprises vs souverains&#13;<\/p>\n<p style=\"text-align: justify;\">Les obligations souveraines ont l\u00e9g\u00e8rement sousperform\u00e9 celles corporates en janvier, en grande partie en raison de leur duration plus longue, qui les a rendus plus sensibles \u00e0 la remont\u00e9e des taux des Treasuries am\u00e9ricains.<\/p>\n<p>&#13;<\/p>\n<p>\u00a0<\/p>\n<p>&#13;<\/p>\n<p style=\"text-align: center;\">Pour consulter la Newsletter Dette \u00c9mergente &#8211; F\u00e9vrier 2026,\u00a0<a href=\"https:\/\/ch.swisslife-am.com\/content\/dam\/slamch\/research\/newsletter\/emerging-debt\/2026\/february\/Newsletter_DetteEmergente_FR.pdf\" target=\"_blank\" rel=\"noopener nofollow\">cliquez ICI<\/a>.<\/p>\n<p>&#13;<\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/fr.swisslife-am.com\/fr\/particuliers.html\" target=\"_blank\" rel=\"noopener nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/swiss_life_am.png\" alt=\"dnca sommes nous a la veille d'un changement de cycle ?\" width=\"134\" height=\"135\" style=\"display: block; margin: 10px auto;\"\/><\/a><\/p>\n<p>&#13;<\/p>\n<p>Pour acc\u00e9der au site Swiss Life Asset Managers, <a href=\"https:\/\/fr.swisslife-am.com\/fr\/particuliers.html\" target=\"_blank\" rel=\"noopener nofollow\">cliquez ICI.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Chaque mois, leurs experts vous proposent une lecture des faits marquants des march\u00e9s, un d\u00e9cryptage du contexte macro-\u00e9conomique&hellip;\n","protected":false},"author":2,"featured_media":17516,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[12094,12086,12093,167,12084,12091,12089,12090,12092,12088,12087,3625,12085,12083,41,17],"class_list":["post-17515","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-assouplissement-monetaire","tag-cgp","tag-dette-emergente","tag-finance","tag-high-yield","tag-investir","tag-investissement","tag-investisseurs","tag-macroeconomie","tag-marches-financiers","tag-patrimoine","tag-perspectives","tag-politique-monetaire","tag-stagflation","tag-swiss","tag-switzerland"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/17515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=17515"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/17515\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/17516"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=17515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=17515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=17515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}