The document discusses the weakening foreign demand for US credit due to higher US Treasury yields, rising hedging costs, a falling dollar, and the European Central Bank's (ECB) plans to end quantitative easing (QE) in September. It includes a chart showing net foreign purchases of US corporate bonds and mentions that foreign investors are now net sellers of US credit.
doj/DataSet10/EFTA01387762.pdf
{"title":"DB: Foreign demand for US credit weakening","key_people":["Torsten Slok"],"document_date":"March 2018","document_type":"correspondence","key_locations":["New York"],"key_organizations":["Deutsche Bank","ECB","Treasury","Haver Analytics","DB Global Research"],"reference_numbers":["DB-SDNY-0090902","SDNY_GM_00237086","EFTA01387762"]}