The document discusses reasons not to fear a 3%+ 10-year yield, highlighting that interest expense is relatively small and likely overpowered by pension swings. It includes historical data on S&P ex-financials net debt/market cap and long-term debt/total debt percentages, as well as figures on interest expense and corporate bond yields.
doj/DataSet10/EFTA01449292.pdf
{"title":"US Equity Insights","document_date":"2013-08-23","document_type":"tabular","key_organizations":["Deutsche Bank","Bank of America Merrill Lynch"]}