{"id":56960,"date":"2024-01-08T13:45:48","date_gmt":"2024-01-08T12:45:48","guid":{"rendered":"https:\/\/www.nordnet.dk\/blog\/?p=56960"},"modified":"2024-01-08T13:45:48","modified_gmt":"2024-01-08T12:45:48","slug":"nu-kommer-rentenedsaettelserne","status":"publish","type":"post","link":"https:\/\/www.nordnet.dk\/blog\/nu-kommer-rentenedsaettelserne\/","title":{"rendered":"Nu kommer renteneds\u00e6ttelserne \u2013 og det g\u00f8r obligationer attraktive\u00a0"},"content":{"rendered":"\n<p><em>Siden corona-lukningerne i 2020 har vi set store rentebev\u00e6gelser \u2013 ned og op og ned \u2013 b\u00e5de i USA og Europa. De fleste danske boligejere (og potentielle boligk\u00f8bere) vil nok prim\u00e6rt notere sig, at renterne nu er noget h\u00f8jere end f\u00f8r 2020.<\/em><\/p>\n\n\n\n<p><em>Trods en markant faldende inflation, har renteneds\u00e6ttelserne fra b\u00e5de den Europ\u00e6iske Centralbank og Federal Reserve ladet vente p\u00e5 sig. Det er ogs\u00e5 det, vi over de seneste \u00e5r har kunnet se p\u00e5 statsobligationsrenterne, der, trods alt, er faldet en del siden oktober. Og der er grund til at tro, at b\u00e5de de pengepolitiske renter og obligationsrenterne skal ned i l\u00f8bet af 2024. Det ser jeg n\u00e6rmere p\u00e5 i denne artikel.<\/em><\/p>\n\n\n\n<p>Betingelserne for renteneds\u00e6ttelserne er til stede i b\u00e5de USA og i euroomr\u00e5det, hvor centralbankerne styrer pengepolitikken ved at bev\u00e6ge renterne op og ned. Centralbankerne har en m\u00e5ls\u00e6tning om at sikre 2% inflation.<\/p>\n\n\n\n<p>Men samtidig opererer centralbankerne ogs\u00e5 med et balanceprincip, der g\u00e5r ud p\u00e5 at fastholde en h\u00f8j rente, n\u00e5r v\u00e6ksten er h\u00f8j og arbejdsl\u00f8sheden lav. Modsat vil de s\u00e6nke renten, n\u00e5r \u00f8konomien g\u00e5r ned i gear. Sammenh\u00e6ngen kaldes nogle gange Taylor-reglen, opkaldt efter den amerikanske \u00f8konom John Taylor.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hvilken-udvikling-kan-vi-forvente\">Hvilken udvikling kan vi forvente?<\/h3>\n\n\n\n<p>S\u00e5danne Taylor-regler i forskellige variationer bliver ofte brugt til at bed\u00f8mme, hvordan man kan forvente, at de pengepolitiske renter vil udvikle sig fremadrettet givet visse foruds\u00e6tninger for den generelle \u00f8konomiske udvikling.<\/p>\n\n\n\n<p>Det er netop det, vi har gjort for den amerikanske \u00f8konomi og Federal Reserves pengepolitiske rente. Grafen viser vores model for Taylor-reglen (\u2018forudsagt\u201d) og den faktiske udvikling i den pengepolitiske rente (\u201dFed funds target rate\u201d) historisk.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/XZgUttv6qBLXM9iIeFWQmY6HcRECULdM6pIMC0Uh_wn-hKHBKvMEr_3ubGOvv0UE8kRi-7Bbzf-Bjo_LSIqaXznPaztKZRFcLRDhZYB9OGqQjV8ZtBgdLKl3UOPrKKsny6GCpY-wr1HiR6mlUnHjvA\" alt=\"A graph of a graph showing the rate of fed funds\n\nDescription automatically generated with medium confidence\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Kilde: Federal Reserve<\/em><\/p>\n\n\n\n<p><br>Vi ser, at vores version af Taylor-reglen ganske godt forklarer, hvad Fed har gjort med renten historisk. Perioden vi ser p\u00e5 her kaldes ofte \u201dThe Great Moderation\u201d, og d\u00e6kker midt-80&#8217;erne og frem, hvor inflationen (indtil 2021-22) var lav og relativt stabil.<\/p>\n\n\n\n<p>P\u00e5 grafen herunder zoomer vi ind p\u00e5 perioden fra 2020 og frem. Her ser vi, at modellen egentlig forudsiger, at Federal Reserve skulle have sendt renten langt under 0%. Det gjorde Fed som bekendt ikke. Derimod udvidede Fed markant den amerikanske pengem\u00e6ngde og lempede s\u00e5ledes i stedet pengepolitikken p\u00e5 den m\u00e5de.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/AcpyHB-7Ro8awx5bStclBzAJXX0Npptmv3J1W94x9uYPuwK9zexTFs2oaKU15yVb1CekL2aq3pGMmrxH48QF_jVu0IdGXeC6JNH-XGptjQDas9onp2b1ErtPbtjUwjdp5YsoOYioR8j6MmtceG6ZMg\" alt=\"A graph with numbers and lines\n\nDescription automatically generated\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Kilde: Federal Reserve<\/em><\/p>\n\n\n\n<p>Figuren viser ogs\u00e5, at Fed burde have sat renten op tidligere, end de gjorde. Det er uden tvivl en kraftigt medvirkende \u00e5rsag til, at inflationen sk\u00f8d voldsomt i vejret i 2021-22. Men modsat, kan vi alts\u00e5 ogs\u00e5 se, at det nu ser ud til, at renten er kommet en anelse for h\u00f8jt op (den bl\u00e5 linje har det sidste \u00e5r v\u00e6ret over den orange linje) \u2013 og at selv med en u\u00e6ndret arbejdsl\u00f8shed og inflation, s\u00e5 burde Fed nok s\u00e6tte renten en smule ned for at undg\u00e5 at udl\u00f8se en recession.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blod-landing-bor-give-rentenedsaettelser\">Bl\u00f8d landing b\u00f8r give renteneds\u00e6ttelser<\/h3>\n\n\n\n<p>Antager vi yderligere, at inflationen kommer ned mod 2% over det kommende \u00e5r (vi er allerede ganske t\u00e6t p\u00e5), og arbejdsl\u00f8sheden stiger en smule til de niveauer, som vi historisk har ligget p\u00e5, n\u00e5r \u00f8konomien er i ligev\u00e6gt, s\u00e5 skal renten yderligere ned. Den bl\u00e5 stiplede linje viser dette \u2013 alts\u00e5 et scenarie for amerikansk \u00f8konomi med en \u201dbl\u00f8d landing\u201d.<\/p>\n\n\n\n<p>I dette scenarie skal Fed funds-renten ned i omkring 3% over de kommende 12 m\u00e5neder. Alts\u00e5 over 2 procentpoint lavere end nu.<\/p>\n\n\n\n<p>N\u00e5r det er sagt, s\u00e5 vil det kr\u00e6ve, at Federal Reserve s\u00e6tter renten ned med mindst 0,25 procentpoint (og lidt til) ved hvert pengepolitisk m\u00f8de (FOMC-m\u00f8derne) i l\u00f8bet af 2024. Der er otte af dem &#8211; og det n\u00e6ste er allerede om et par uger, hvor der n\u00e6ppe kommer en renteneds\u00e6ttelse. Og s\u00e5 er der kun syv m\u00f8der tilbage.<\/p>\n\n\n\n<p>Men det er heller ikke urealistisk, at Fed s\u00e6tter renten ned ved hvert eneste m\u00f8de &#8211; med 0,25 procentpoint pr. m\u00f8de. Men s\u00e5 kommer den pengepolitiske rente i USA ogs\u00e5 ned i omkring 3,5% (til 3,75%), med lidt plads til en eller to renteneds\u00e6ttelser yderligere i l\u00f8bet af 2025.<\/p>\n\n\n\n<p>Og det er alts\u00e5 i et scenarie, hvor den amerikanske \u00f8konomi IKKE g\u00e5r i recession. Hvis USA viser tegn p\u00e5 at v\u00e6re p\u00e5 vej mod recession, s\u00e5 m\u00e5 vi forvente, at renteneds\u00e6ttelserne bliver st\u00f8rre &#8211; med mindst 0,5 procentpoint (50bp) ad gangen.<\/p>\n\n\n\n<p>Hvis vi ser p\u00e5 Federal Reserves egne forventninger, s\u00e5 forventer Fed kun tre neds\u00e6ttelser (i alt 0,75 procentpoint) i l\u00f8bet af 2024, mens obligationsmarkedet har indpriset cirka det dobbelte. Hverken Fed eller markedet er alts\u00e5 n\u00e6r s\u00e5 optimistiske i forhold til antallet af renteneds\u00e6ttelser, som vores version af Taylor-reglen indikerer.<\/p>\n\n\n\n<p>Det skal naturligvis understreges, at en s\u00e5dan prognose er forbundet med meget betydelig usikkerhed \u2013 s\u00e6rligt de store omv\u00e6ltninger i verdens\u00f8konomien i de seneste \u00e5r taget i betragtning. Men v\u00e6lger vi at tro p\u00e5 vores hovedscenarie, m\u00e5 man sige, at det fort\u00e6ller os, at selvom obligationsrenterne alts\u00e5 er kommet en del ned siden oktober, er der nok mere at komme efter. Det er overordnet en indikation af, at amerikanske statsobligationer fortsat ser attraktive ud rent investeringsm\u00e6ssigt.<\/p>\n\n\n\n<p>Og at historien er den samme for de europ\u00e6iske obligationsmarkeder indikerer figuren nedenfor.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/Vjf0WJrRn6jrc9F65_X1t9KuCo5yOFa-rUPqSJSUv-e5yec9Wtq7pnaFVI4TD0UGLCuJZMaaUDjI0-nMNp2VpO61Jp-JYbaDIPcNh4VEaEtz7OPB8vNXcqv86sOUS3OSMpwUz35CSEN7cgMmv0Mbrw\" alt=\"A graph with blue and orange lines\n\nDescription automatically generated\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Kilde: Federal Reserve<\/em><\/p>\n\n\n\n<p>Vi ser s\u00e5ledes her, at de tyske og amerikanske statsobligationsrenter historisk har fulgt hinanden ganske t\u00e6t \u2013 og selvom de tyske renter er noget lavere end de amerikanske, s\u00e5 har retningen v\u00e6ret den samme i de seneste \u00e5r. B\u00e5de i Tyskland (og Danmark) er renterne nu som i USA noget over de niveauer, vi var vant til f\u00f8r 2020-21.Det er dog p\u00e5 ingen m\u00e5de givet, at renterne skal s\u00e5 lavt ned som i 2018-19 &#8211; men mere sandsynligt at vi ser mod lavere renter end h\u00f8jere renter. I lyset heraf kan det n\u00e6ppe overraske, at investor-interessen for at investere i obligationer har v\u00e6ret stigende i de seneste m\u00e5neder.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trods en faldende inflation har renteneds\u00e6ttelserne ladet vente p\u00e5 sig. Nu er der grund til at tro p\u00e5, at renterne skal ned i l\u00f8bet af 2024 &#8211; men hvor meget?<\/p>\n","protected":false},"author":68503,"featured_media":56964,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ghostkit_customizer_options":"","ghostkit_custom_css":"","ghostkit_custom_js_head":"","ghostkit_custom_js_foot":"","ghostkit_typography":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[1291],"tags":[],"class_list":["post-56960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyse"],"acf":[],"all_images":{"thumbnail":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg","width":150,"height":54,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"medium":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg","width":620,"height":222,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"medium_large":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg","width":768,"height":275,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"large":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg","width":770,"height":276,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"1536x1536":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"2048x2048":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"awb_sm":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg","width":500,"height":179,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"awb_md":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg","width":800,"height":287,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"awb_lg":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"awb_xl":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gridlove-a4":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x150.jpg","width":370,"height":150,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-a4-orig":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg","width":370,"height":133,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-a3-orig":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg","width":270,"height":97,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-b6":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-285x300.jpg","width":285,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-b7":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-335x300.jpg","width":335,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-b8":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-385x300.jpg","width":385,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-b9":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-435x300.jpg","width":435,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-b12":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-585x300.jpg","width":585,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-d3":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x300.jpg","width":270,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-d3-orig":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg","width":270,"height":97,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-d4":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x300.jpg","width":370,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-d4-orig":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg","width":370,"height":133,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-d5":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-470x300.jpg","width":470,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-d6":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x300.jpg","width":570,"height":300,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-d6-orig":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg","width":570,"height":204,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-cover":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gridlove-single":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg","width":740,"height":265,"crop":true,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w","alt":"Obligationer"},"gridlove-thumbnail":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-80x60.jpg","width":80,"height":60,"crop":true,"srcset":false,"alt":"Obligationer"},"gridlove-child-single":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gridlove-child-cover-7":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":1200,"height":430,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gform-image-choice-sm":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":300,"height":108,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gform-image-choice-md":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":400,"height":143,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"},"gform-image-choice-lg":{"src":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg","width":600,"height":215,"crop":false,"srcset":"https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg 1200w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-620x222.jpg 620w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-1024x367.jpg 1024w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-150x54.jpg 150w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-768x275.jpg 768w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-500x179.jpg 500w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-800x287.jpg 800w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-370x133.jpg 370w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-270x97.jpg 270w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-570x204.jpg 570w, https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430-740x265.jpg 740w","alt":"Obligationer"}},"image":["https:\/\/blog.nordnet.dk\/wp-content\/uploads\/sites\/4\/2024\/01\/Obligationer_1200_430.jpg",1200,430,false],"acf_post_excerpt":"Trods en faldende inflation har renteneds\u00e6ttelserne ladet vente p\u00e5 sig. Nu er der grund til at tro p\u00e5, at renterne skal ned i l\u00f8bet af 2024 - men hvor meget?","acf_episode":null,"acf_podcast_time":null,"youtube_id":null,"_links":{"self":[{"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/posts\/56960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/users\/68503"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/comments?post=56960"}],"version-history":[{"count":8,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/posts\/56960\/revisions"}],"predecessor-version":[{"id":56972,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/posts\/56960\/revisions\/56972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/media\/56964"}],"wp:attachment":[{"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/media?parent=56960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/categories?post=56960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nordnet.dk\/blog\/wp-json\/wp\/v2\/tags?post=56960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}],"author_decoded":""}}