The document discusses the risks associated with fixed income instruments in the context of macroeconomic shocks. It highlights factors such as inflation, fiscal funding needs, FX depreciation, counterparty exposure, issuer creditworthiness, and regulatory changes. The document also covers the importance of indexing cash flows to inflation or interest rates, particularly in emerging markets, and the risks associated with currency mismatches and swaptions.
documents/vol00010-efta01454541-pdf.pdf
{"title":"Macro Strategy","document_date":"July 2014","document_type":"other","key_organizations":["Deutsche Bank AG"],"reference_numbers":["DB-SDNY-0112695","SDNY_GM_00258879","EFTA01454541"]}