{"id":5019,"date":"2022-01-31T15:17:46","date_gmt":"2022-01-31T14:17:46","guid":{"rendered":"https:\/\/spin.nl\/ongecategoriseerd\/market-developments-december-2021\/"},"modified":"2022-01-31T15:17:46","modified_gmt":"2022-01-31T14:17:46","slug":"market-developments-december-2021","status":"publish","type":"post","link":"https:\/\/spin.nl\/en\/page\/market-developments-december-2021\/","title":{"rendered":"Market Developments December 2021"},"content":{"rendered":"<p><strong>Financial markets were again affected in December by developments of the omikron variant of the COVID virus. In addition, high inflation, temporary or otherwise, was a dominant factor. This put pressure on central banks to start raising policy interest rates. Times of &#8220;free&#8221; money thus seem to be over<\/strong>.<\/p>\n<p><strong>Shares<\/strong><\/p>\n<p>The broad world index (developed countries) edged 3% higher in December. At +0.8%, emerging markets did significantly less well. Due to rising long-term interest rates, growth stocks (Tech companies such as Tesla), especially compared to value stocks (such as Banks), appreciated significantly lower. This is because growth stocks generally suffer more from rising interest rates than value stocks.   <\/p>\n<p><strong>Bonds<\/strong><\/p>\n<p>With the announcement by the U.S. central bank that policy rates are likely to be raised several times in 2022, we saw U.S. 10-year rates rise 0.06% to 1.51% in December. In Europe, the levels are still a bit lower, but the increase for the month was somewhat larger. In German government bonds, for example, 10-year yields rose 0.17% to -0.18%.  <\/p>\n<p>The risk premium for less risky and more risky corporate bonds fell to 0.98% and 3.73% respectively, resulting in positive returns for the month.<\/p>\n<p>\u200d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developments on investment markets in December 2021<\/p>\n","protected":false},"author":1,"featured_media":4370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-5019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-page"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Developments December 2021 - Stichting Pensioenfonds IBM Nederland%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spin.nl\/en\/page\/market-developments-december-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Developments December 2021 - Stichting Pensioenfonds IBM Nederland%\" \/>\n<meta property=\"og:description\" content=\"Developments on investment markets in December 2021\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spin.nl\/en\/page\/market-developments-december-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Stichting Pensioenfonds IBM Nederland\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-31T14:17:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/spin.nl\/wp-content\/uploads\/2022\/12\/619652f74626b7860f8b7243_Aandelen-tech-e1542284144902.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"572\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Waterreus\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michael Waterreus\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/\"},\"author\":{\"name\":\"Michael Waterreus\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/#\\\/schema\\\/person\\\/9987e322c544042fb61b421cc97d2ca6\"},\"headline\":\"Market Developments December 2021\",\"datePublished\":\"2022-01-31T14:17:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/\"},\"wordCount\":191,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/spin.nl\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/619652f74626b7860f8b7243_Aandelen-tech-e1542284144902.jpg\",\"articleSection\":[\"Page\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/\",\"url\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/market-developments-december-2021\\\/\",\"name\":\"Market Developments December 2021 - 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