15 January 2016
15 January 2016
Global Economic Perspectives: China's evolving FX policy
Financial Forecasts
16 Apr, Euro UK :155-e• Swill.' Can' Awl 612.•
3M lowor-I Actual 0.26 0.15 .0 14 0.59 -0.35 -0.75 0.50 2.00 2.50
Rao' 0.15 U'S 0.35 -075 0.50 2.00 2.50
lomeasts Aun.16 1.08 0.15 .0 15 0.61 -0.35 0 75 0 50 1 011 250
1.33:1111110,16 -0.1$ 0.66 -0.35 -0 75 076 200 250
101' Gov' Actual 2.01 040 0.53 1.75 n a 11 a 1.25 2 15 3.31J
Pond/64515 5 50 a:ii: 9.71.1 n,a. n 4 300 350
SpHods' Jiro 10 2.75 0.45 0.75 1.90 D a no. 1.90 3.00 350
DB lorecastz; 2,25 015 MO 2,20 ta. as 265 3.00 3.26
FUR/ WE:: RIR/ GDP: FUR,EURI USD/ AM NNW
uF.D JPv GBP USD V i: CHF CAD USD USD
Erawng. Actual ' 09 ' 17.4 0.76
"rwir 144 928 1.09 143 0.69 0.65
Rows a • y1.!.: 106 UN t. NW
Jun.16 7 02 '75 0 0 73 1 40 990 1 10 1 40 0.66 0.60
=nee 0.95 120.0 034 1.26 015 1.12 1.43 0.60 Ilre$2
If) Iowan dm um form Mrs • .10(00 poW tees
fl) FOSS MSS* an frocks, Cy Om reps/ ton ecant granny
a EIS MVOS bele Se Soon AIS den Sin from US RS SS* WS*
Seinen areeinan Rani LA SOS Sag fl•••••\* Resod AY sib n fob So
IUS 10Y rates
6.0
5.0
4.0
3.0
1.0 US government bond yields, %
—10Y 27110Y set (rhs) Euroland 10Y rates
Euro government bond yields, %
6.0 2.5
5.0
5.0 2.0
4.0 4.0 1.5
3.0 3.0 1.0
2.0 0.5 2.0
1.0 0.0
1.0 0.0 -0.5
- 0.0 2002 2004 2006 2008 2010 2012 2014 2016
-1.0 lay 2Y/10Y spread (Ms)
2002 2009 2006 2006 2010 2012 2014 2016
Saint OnatrA• Sint RSentik BIsertS SAS LP
[Japan 10Y rates
2.5 Japan government bond yields, %
2.0
1.5
1.0
0.5
YilOY spread Urn)
0.0
2002 2004 2006 2003 2010 2012 2014 2016
Sect Dooncto Sant ltetriren Illstrry Some IP
Deutsche Bank Securities Inc. SS DOSS EIS now* saaroapA I nee is
2.0 UK 10Y rates
7.0 UK government bond yields, % 3.5
6.0 • 3.0
1.5 2.5
5.0 2.0
1.0 4.0 1.5
3.0 1.0
0.5 2.0 0.5
0.0
0.0 1.0 • I0Y —2Y/10Yspread ON) -0.5
-1.0 0.0
2002 2004 2006 2008 2010 2012 2014 2016
Sere DDSS 1st Moss* Socrnbry Sons (P
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