The document discusses the relationship between central bank liquidity and global equity prices, highlighting a negative correlation where equities fall as liquidity expands. It suggests that central banks react late, leading to a recovery in equities. The document also analyzes the components of liquidity, noting differences in behavior among FX reserves, the Fed, and other central banks.
documents/vol00010-efta01362013-pdf.pdf
{"title":"US Fixed Income Weekly","document_date":"2015-09-04","document_type":"tabular","key_organizations":["Deutsche Bank","Bloomberg","ECB","BoJ"],"reference_numbers":["DB-SDNY-0051310","SDNY_GM_00197494","EFTA01362013"]}