The report discusses the potential impact of Fed normalization and China's FX adjustments on US fixed income markets. It highlights conflicting influences on rates, the tightening of global liquidity, and the risk of Fed policy error. The report suggests that a decline in liquidity implies a lower 5y5y rate and discusses potential market reactions to Fed actions.
documents/vol00010-efta01362005-pdf.pdf
{"title":"US Fixed Income Weekly","key_people":["Dominic Konstam","Aleksander Kocio","Joseph LaVorgna","Alex Li","Stuart Sparks","Daniel Sorid","Steven Zeng","Aditya Bhave"],"document_date":"2015-09-04","document_type":"correspondence","key_locations":["United States"],"document_subtype":"research report","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0051302","SDNY_GM_00197486","EFTA01362005"]}