EFTA Document EFTA01458251

11** ivnl'or'l Tim 5.55 p‘ersin Insawnsm, trrffic !pit . ,me...5 mi-505InCti.us Pc•rtinhc• H4‘<orivc:mon i0No Jet Benevento and Joern Wasmund, Gleba] Co-Heads of Fixed Incorn&Cash Fixed-income market perspectives The China syndrome China and commodities continue to unsettle the markets. The PBoC started to devalue its currency in mid-August. While the adjustment so far may not look that significant, it constitutes both a monetary-policy regime shift and an implicit admission of s