📄 Extracted Text (214 words)
ECB exit and higher US Treasury yields
leading to less demand from abroad for US IG
a
S billion Net foreign purchases of US corporate bonds S billion
30 - - 30
- 25
20 -
- 20
10 -
15
0 I 10
-10
0
5
When ECB put interest rates ...with ECB signaling
-20 - negative in 2014 the rest of the OE exit foreigners - -5
world started buying US credit... are now net sellers
of US credit
-30 - -10
10 11 12 13 14 15 16 17
Source: Treasury, Haver Analytics, O5 Global Research
Deutsche Bank Research Tram Stoic torsten.slokedb.com +1 212250-2155 Mardi 2018 108
Let us know if you would like to add a colleague to this distribution list.
Torsten Stoic Ph.D.
Chief International Economist
Managing Director
Deutsche Bank Securities
60 Wall Street
New York, New York 10005
This communication may contain confidential and/or privileged information. If you are
not the intended recipient (or have received this communication in error) please notify
the sender immediately and destroy this communication. Any unauthorized copying,
disclosure or distribution of the material in this communication is strictly forbidden.
Please refer to https://db.com/disclosures for additional EU corporate and regulatory
disclosures.
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0091852
CONFIDENTIAL SDNY_GM_00238036
EFTA01388352
ℹ️ Document Details
SHA-256
41142bb028c008a4fcac3f0233beaa0e61f82c0028caf0f1e923a81862505b0f
Bates Number
EFTA01388352
Dataset
DataSet-10
Document Type
document
Pages
1
Comments 0