eloped market sovereign yields are only expected to increase gradually. A sudden rise and high volatility would hurt IG credit. Key dates: 1 August, Federal Open Market Committee meeting Good corporate earnings and low leverage on corporate balance sheets should help prevent defaults. As companies continue to deleverage, net

ncrease at an average annual rate of 2.3% over the next 25 years, compared with 3.1% during 1970-2007. Aside from the fact that there are different Federal Open Market Committee participants now than before, the Fed's reasons for lowering its expectations for long-term growth are likely similar to concerns that the IMF and CB

define small banks from $10 billion to $50 billion; - Provides an exemption for banks under $10 billion of assets from the Volcker Rule; - Requires the Federal Open Market Committee to release quarterly reports on economic conditions around the country, though the Fed chair would still testify before Congress semiannually; - Cr