EFTA Document EFTA01449386

Deutsche Bank Markets Research United States Periodical US Equity Insights 3 reasons not to fear a 3%+ 10yr yield 1600 should be good support even if 10yr treasury yields go a little over 3% As discussed last week, we are increasingly tolerant of higher treasury yields given the coincident climb in the euro and oil prices. Treasury yield normalization poses little threat to S&P EPS provided euro and oil prices prove resilient. Our view that the chief risk to EPS from higher yields is v