NEW YORK - With the significant yield curve flattening witnessed recently, analysts at Deutsche Bank Securities warned that fixed-income market participants are too closely focused on the risks resulting from higher interest rates and not enough on the imminence and potential negative impact of a market rally.

At a semi-annual press briefing held last week, Deutsche Bank's head of U.S. rates research Mustafa Chowdhury said that currently there are more factors - which are also more technical - that are pulling rates down than those pushing them to rise.

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