Epstein Secrets

(GSK) WSJ WSJ negative: Dunkin Donuts (DNKN) WSJ WSJ positive: Bank of America (BAC) WSJ • Investors cast wary eye on Fed rate increases WSJ • Treasury Department's plan to lower issuance seen compressing yields further WSJ • Conservatives: the party of business? FT • South Africa's rainbow starts to fade FT

nue guidance downgraded (trading -4.4%) • Daimler O4 revenues beat ests, ebit touch light, dividend inline, stock has been weak (trading -3.8%) • Royal Dutch Shell guidance reassures, most divisions middle/high end of prior outlook (trading +6.4%) • Vodafone O3 organic service revenue growth matches estimates,

TA00615051 Bonds ( in 000, USD) Name of Bond Book Cost Market Value last quarter Market Value this quarter Acrrual Difference AUM Maturity US Treasury 354,785 302,625 301,031 2,756 (1,594) 328 (2,320) 1,740 (1,422) 8.89% 0.62% 31/8/2010 21/9/2010 Danske Bank A/S 22,503 23,189 20,869

4,431 3,471 (960) 0.07% Talaat Moustafa Group 9,706 10,983 9,918 (1,065) 0.19% Standard Chartered 8,181 12,151 10,927 (1,224) 0.21% Royal Dutch Shell 8,156 9,691 8,501 (1,190) 0.16% Nestle Sa-registered 6,055 7,281 6,860 (421) 0.13% CIA Vale Do Rio Doce - Adr 4,684 10,945 8,279 (2,6

ish Clegg Galp Energia GLPEF GALP PL Hamish Clegg Royal Dutch Shell B RDSB RDS/B US Christopher Kuplent Royal Dutch S

83 --- PAGE BREAK --- Rates vol is near all-time lows and is favorable for positioning for a break-out Since the US Election last November, the 10y US Treasury rate has fluctuated between 2.17% and 2.63%, constantly being jostled up or down by various economic forces. It is currently trading towards the bott