Epstein Secrets

find a copy of the term sheet sent to you on December 12 (see Exhibit A). Please note the first and second source of repayment. The first being the Treasuries with the loan only made if the Treasuries were in an acceptable form to WinTel and our bridge provider. This would only be executed if the Treasuri

lateral for the $15 million dollar bridge loan. As proof of Wintel's rights in the U.S. Treasury Bonds, Zimmerman provided Epstein with a copy of a Bloomberg screen printout relating to $15,514,000 of U.S. Treasury Bonds, bearing CUSIP Number Zimmerman also provided Epstein with an Institutional Custod

ore 2011 Sitcom's Is also uncorrelated to Treasury securities or the VIX Lastly, we test the correlation of bitcoin to other liquid markets such as Treasuries and the VIX and our own BofA Merrill Lynch GFSIIU. Once more, the correlation between bitcoin and both near-term and long-term Treasury bonds and b

al 10 year yield based on headline CPI 6 5 4 3 1 0 -1 -2 -3 -4 97 99 01 03 05 07 09 11 13 15 17 —US —Japan —Euro Area Source Bloomberg Chart 12: The term premium means that currencies maintain a positive spread between their 2 year and their 10 year interest 2Y10Y goverment bond y

from London to Paris in Q3 Foreign direct investment in China grew 7.9% in September = the slowest pace in 3 months China reduced its holdings of Treasuries in August by the most in - a decade (cut position by 3.1%) SocGen's Hong Kong based economist Yao Wei says China may refrain from cutting rates th

s (3rd time in 13 months debt has been downgraded by Moody's) European banks vow $1 trillion cuts in the next two years as recapitalization looms (Bloomberg<http://www.bloomberg.com/news/2011-10-18/banks-in-europe-vow-l-trillion-shrinkage- amid-threats-of-recapitalization.html>) EU ban on naked CDS on so

nce on reinvestment policy* and interplay between rates and reinvestments Note: (*) Currently, the Fed reinvests its maturing holdings of MBS and Treasuries purchased during QE. Research Deutsche Bank [email protected] http://houseview.research.db.com TheHouseView Special — 9 December 2015 7

265 Research Deutsche Bank Dec. FOMC No hike [email protected] http://houseview.research.db.com TheHouseView Special — 9 December 2015 Bloomberg, Nov 6th 2015 Hike 4 EFTA01476266 We disagree with the view that hiking is a policy mistake: the economy is strong enough to withstand higher r

+0.46%) which strengthened in spite of the weaker than expected US data. This weighed on EURUSD (-0.3%) which had its sharpest fall in three weeks. Treasuries traded in a tight range between 2.50% to 2.53%. An uneventful Syr UST aucti=n helped 10yr yields close at 2.50%, not far from where they are trading

. Summarizes his thoughts about "less dovish than expected" risks to the FOMC meeting. Curi=us for your views. Speak with you soon, Tazia Source: Bloomberg, streetaccount, 101=0/13 Forwarded by on 10/30/2013 09:02 AM From: "Jim Reid, Deutsche Bank" To: Date: 10/30/2013 02:28 AM Subject: Early Mor

has also been historically correlated with the US current account deficit as much of it was financed by the foreign official sector, which bought Treasuries for Official Reserves. The present current account deficit points to 25% of the lOy yield, so similar (55bps) but slightly higher BRP. Credit sprea

est *Prices are current as of the end of the previous trading session unless otherwise indicated and are sourced from local exchanges via Reuters, Bloomberg and other vendors . Other information is sourced from Deutsche Bank, subject companies, and other sources. For disclosures pertaining to recommend

r than Treasury yields with corresponding maturities as they include incremental credit risk associated with the banks that provide swaps compared to Treasuries, which are viewed as risk-free. 2)10-year Treasury swap spread turned negative on 3/24/10, while 30-year Treasury swap spread turned negative in 10/0

P 500MKtCap (ST) $5 _-$6_—$8_$10_$12_$12_ $10 $8_$10 Sit _$i1 S13 sis se $10 $11 (@E) www.kpcb.com Note: 2010 data as of 12/31/10. Source: FactSet, Bloomberg. USA Inc. | What Might a Turnaround Expert Consider? 370 HOUSE_OVERSIGHT_021026 But USA Inc. Has Steadily Scaled Back Investment in Technology R&D

2016 Source: BofA Merrill Lynch Global Research, Bloomberg Bankof America Merrill Lynch Global Rates, FX & E

nks hold a 10% capital ratio. This plan would probably decrease the availability of leverage, and could also result in reduced demand for short-dated Treasuries in HQLA portfolios. Another risk to 30y swap spread normalization in particular would be a material increase in deficit spending as part of a fiscal