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, client segmentation, regulation, tax policies, currency convertibility, and settlement issues. It also covers the importance of indexing cash flows to inflation, FX depreciation, or interest rates, particularly in emerging markets, and the risks associated with swaps and swaptions.
documents/vol00010-efta01454526-pdf.pdf
{"title":"Macro Strategy","document_date":"July 2014","document_type":"other","key_locations":["London"],"key_organizations":["Deutsche Bank AG"]}