The document discusses the bond market strategy and the peak policy divergence between US and European monetary policies. It forecasts the 10Y Bund at 1.1% and 10Y UST at 2.50% by year-end. The document highlights the potential for ECB to discuss tapering in the second half of 2016 and the risks to the outlook, including policy responses in China, oil prices, and US credit cycle. It also compares the economic situations in Europe, the US, and Japan during financial crises.
documents/vol00010-efta01458976-pdf.pdf
{"title":"World Outlook 2016: Managing with less liquidity","document_date":"2015-12-08","document_type":"correspondence","key_locations":["US","Europe","Japan"],"key_organizations":["ECB","Fed","Deutsche Bank AG"]}