The document discusses the potential adjustments in the term premium and its correlation with foreign demand for US rates. It highlights the decline in the term premium due to foreign central banks' investments in Treasuries and the impact of the Euro outlook on US term premium. The document also considers the Federal Reserve's dot plot and its effect on market uncertainty regarding the Fed's normalization process. Additionally, it includes graphical data on funds vs. 5y5y term premium, corporate profits, and nominal private final demand vs. 5y5y risk neutral rate.
doj/DataSet10/EFTA01385922.pdf
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