\nFondurile de pensii olandeze se preg\u0103tesc vor pune presiune asupra pie\u0163ei europene de obliga\u0163iuni guvernamentale \u00een a doua jum\u0103tate a acestui an, prin v\u00e2nzarea a aproximativ 125 de miliarde de euro \u00een obliga\u0163iuni pe termen lung, tireaz\u0103 FT.<\/p>\n
\nUn program de reform\u0103 al sistemului olandez de pensii prevede c\u0103 pl\u0103\u0163ile vor fi garantate doar \u00een m\u0103sura contribu\u0163iilor, iar astfel managerii acestor fonduri au m\u00e2n\u0103 liber\u0103 \u00een a investi mai mul\u0163i bani \u00een active mai riscante.<\/p>\n
\nDe\u015fi unele fonduri au f\u0103cut deja tranzi\u0163ia, cele mai multe dintre acestea vor finaliza procesul de tranzi\u0163ie la \u00eenceputul anului viitor.<\/p>\n
\nAnali\u015ftii de la banca olandez\u0103 Rabobank estimeaz\u0103 c\u0103 pe parcursul tranzi\u0163iei vor fi v\u00e2ndute obliga\u0163iuni suverane pe termen lung \u00een valoare de 127 de miliarde de euro.<\/p>\n
\n\u201eToat\u0103 lumea este \u00eengrijorat\u0103 de viitorul obliga\u0163iunilor europene pe termen lung\u201d, s spus Pooja Kumra, rates strategist la TD Securities.<\/p>\n
\nPFZW, al doilea cel mai mare fond de pensii din Olanda, cu active de 259 de miliarde de euro pentru lucr\u0103torii din s\u0103n\u0103tate \u015fi asisten\u0163\u0103 social\u0103, a declarat pentru Financial Times c\u0103 este preg\u0103tit s\u0103 treac\u0103 la noul sistem \u00eencep\u00e2nd cu 1 ianuarie 2026.<\/p>\n
\nABP, cel mai mare fond na\u0163ional, inten\u0163ioneaz\u0103 s\u0103 fac\u0103 tranzi\u0163ia anul urm\u0103tor.<\/p>\n
\nCre\u015fterea randamentelor obliga\u0163iunilor pun presiune pe deciden\u0163ii politici europeni pentru a finan\u0163a dezvoltarea ap\u0103r\u0103rii continentului.<\/p>\n
\nRandamentul obliga\u0163iunilor germane pe 30 de ani a crescut de la valori negative \u00een timpul pandemiei de Covid, la peste 3%, apropiindu-se de cele mai ridicate niveluri din timpul crizei datoriilor din zona euro.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fondurile de pensii olandeze se preg\u0103tesc vor pune presiune asupra pie\u0163ei europene de obliga\u0163iuni guvernamentale \u00een a doua jum\u0103tate a acestui an, prin v\u00e2nzarea a aproximativ 125 de miliarde de euro \u00een obliga\u0163iuni pe termen lung, tireaz\u0103 FT. Un program de reform\u0103 al sistemului olandez de pensii prevede c\u0103 pl\u0103\u0163ile vor fi garantate doar \u00een […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[60494,438,369,9768,60809,17988],"class_list":["post-238327","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bonds","tag-europa","tag-obligatiuni","tag-olanda","tag-reforma-pensii","tag-titluri-de-stat"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/238327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=238327"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/238327\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=238327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=238327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=238327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}