The document discusses the impact of a 3%+ 10-year yield on US equities, highlighting that interest expenses are relatively small and likely overpowered by pension swings. It includes historical data on net debt/market cap and long-term debt/total debt ratios, and analyzes the potential effects on S&P EPS and pension expenses.
doj/DataSet10/EFTA01449387.pdf
{"title":"US Equity Insights","document_date":"2013-08-23","document_type":"tabular","key_organizations":["Deutsche Bank","Bank of America Merrill Lynch","Deutsche Bank Securities Inc."]}