{"id":15506,"date":"2026-04-21T09:26:12","date_gmt":"2026-04-21T07:26:12","guid":{"rendered":"https:\/\/www.previs.ch\/?p=15506"},"modified":"2026-04-21T09:26:12","modified_gmt":"2026-04-21T07:26:12","slug":"point-sur-les-placements-au-1e-trimestre-2026","status":"publish","type":"post","link":"https:\/\/www.previs.ch\/fr\/point-sur-les-placements-au-1e-trimestre-2026\/","title":{"rendered":"Point sur les placements au 1e trimestre 2026"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":4599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[61],"tags":[],"class_list":["post-15506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-placements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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Le secteur technologique, qui investit aujourd\u2019hui massivement dans des centres de donn\u00e9es d\u00e9di\u00e9s \u00e0 l\u2019intelligence artificielle tr\u00e8s gourmands en \u00e9nergie, n\u2019est pas \u00e9pargn\u00e9 non plus: il voit ses co\u00fbts grimper et ses marges potentiellement compromises, en fonction de la structure de financement. Au premier trimestre, le march\u00e9 boursier am\u00e9ricain (MSCI\u00a0USA) a enregistr\u00e9 une baisse de 4.6%. Les march\u00e9s boursiers europ\u00e9ens (MSCI\u00a0Europe ex\u00a0CH) ont affich\u00e9 un repli de 0.7%, et le march\u00e9 suisse des actions (SPI) a vu sa performance chuter de 2.1%."},{"acf_fc_layout":"element-title","status":false,"title":"Taux d\u2019int\u00e9r\u00eat","title_type":"h3"},{"acf_fc_layout":"element-text","status":false,"group":null,"text_size":"normal","text":"Le premier trimestre a \u00e9t\u00e9 marqu\u00e9 par la hausse des rendements sur les march\u00e9s des capitaux. Les banques centrales \u00e9trang\u00e8res ont r\u00e9duit la part de bons du Tr\u00e9sor am\u00e9ricains dans leurs portefeuilles, d\u00e9cision qui\u00a0\u2013 conjugu\u00e9e aux inqui\u00e9tudes persistantes concernant l\u2019inflation\u00a0\u2013 a aliment\u00e9 la progression des rendements. Les Etats, les entreprises et les m\u00e9nages ont ainsi vu leurs co\u00fbts de financement s\u2019accro\u00eetre sensiblement. Le sc\u00e9nario a \u00e9t\u00e9 similaire en Europe: les emprunts obligataires ont r\u00e9alis\u00e9 l\u2019une de leurs pires performances trimestrielles \u00e0 une \u00e9chelle r\u00e9cente. Les rendements des obligations \u00e0 dix\u00a0ans italiennes, fran\u00e7aises et espagnoles en particulier, ont atteint des niveaux jamais enregistr\u00e9s ces derni\u00e8res ann\u00e9es, un ph\u00e9nom\u00e8ne amplifi\u00e9 par les risques budg\u00e9taires croissants inh\u00e9rents aux mesures de soutien public. Entre d\u00e9but janvier et fin mars, les rendements des bons du Tr\u00e9sor am\u00e9ricain \u00e0 dix\u00a0ans ont l\u00e9g\u00e8rement augment\u00e9, passant de 4.17% \u00e0 4.32%. Les rendements \u00e0 long terme ont suivi la m\u00eame tendance en Europe et en Suisse. Les rendements des obligations de la Conf\u00e9d\u00e9ration \u00e0 dix\u00a0ans sont pass\u00e9s de 0.23% \u00e0 0.37%, pour cl\u00f4turer \u00e0 0.31% en fin de trimestre."},{"acf_fc_layout":"element-title","status":false,"title":"Devises","title_type":"h3"},{"acf_fc_layout":"element-text","status":false,"group":null,"text_size":"normal","text":"Apr\u00e8s une phase d\u2019affaiblissement en janvier, le dollar am\u00e9ricain est reparti \u00e0 la hausse, b\u00e9n\u00e9ficiant de son statut de valeur refuge dans un contexte d\u2019incertitude g\u00e9opolitique. Au premier trimestre, le \u00abbillet vert\u00bb s\u2019est ainsi appr\u00e9ci\u00e9 de 0.9% par rapport au franc\u00a0suisse: fin mars, le taux de change\u00a0USD\/CHF s\u2019\u00e9tablissait juste en dessous de 0.80."}]},"publishpress_future_action":{"enabled":false,"date":"2026-04-28 17:42:10","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/15506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/comments?post=15506"}],"version-history":[{"count":1,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/15506\/revisions"}],"predecessor-version":[{"id":15509,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/posts\/15506\/revisions\/15509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/media\/4599"}],"wp:attachment":[{"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/media?parent=15506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/categories?post=15506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.previs.ch\/fr\/api\/wp\/v2\/tags?post=15506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}