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The most informed market on the stock exchange is the bond market. In this sense, everything is priced in there.

Nobody knows at the moment whether interest rates will rise again in 2025.

My opinion: the ECB cannot continue to raise interest rates because of the difficult budgetary situation in the southern states, the recession in the center and the war in the east. So either they fall or they stay there. Inflation will then simply be brought down with falsified statistics.
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@Epi Well, there is no company-dependent "information" on the bond market as there is on the stock market. The only information relevant for the price would be if the market knew exactly whether, that and when the ECB would cut interest rates. Curiously, the stock market does not currently believe the ECB that interest rates could remain high for quite some time as the ECB has announced ("longer for high").
However, the current rise in bond prices could quickly fall again as soon as the ECB pauses for a few interest rate changes. In that case, the bond market would have speculated prematurely...
I'm not sure either, which is why I asked the community here for an opinion.
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