Epstein Secrets

ace, post the PDVSA analysis, happy to discuss further if u find interesting... (Embedded image moved to file: pic04930.gif) CNYMXN chart courtesy Nav Gupta (shows relative value in Labour cost between china and Mexico) (Embedded image moved to file: pic20087.gif) (Embedded image moved to file: pic2478

m mark to market risk is slower pace of implementation of energy reform and a selloff in uSTs Sahni <[email protected]> wrote: EM space, post the PDVSA analysis, happy to discuss further if u find interesting... (Embedded image moved to file: pic04930.gif) CNYMXN chart courtesy Nav Gupta (shows re

reform and a selloff in UST5 happy to discuss further if u find interesting... (Embedded image moved to file: pic10977.gif) CNYWOCN chart courtesy Nav Gupta (shows relative value in Labour cost between china and Mexico) (Embedded image moved to file: pic30754.gif) CONFIDENTIAL - PURSUANT TO FED. R. CRI

o 3m On Tue, Jan 14, 2014 at 4:23 AM, vinit Sahni < wrote: classification: confidential Jeffrey - was looking for value in the EM space, post the PDVSA analysis, started looking at Mexico... here is a trade I think makes sense -> buying MBONO 30y unhedged At around 7.5% yield, inflation probably i

eform and a selloff in USTs happy to discuss further if u find interesting... (Embedded image moved to file: pic08319.gif) CNYP.00N chart courtesy Nav Gupta (shows relative value in Labour cost between china and mexico) (Embedded image moved to file: pic30396.gif) (Embedded image moved to file: pic2999

o 3m on Tue, )an 14, 2014 at 4:23 Am, vinit Sahni > wrote: classification: Confidential Jeffrey - was looking for value in the EM space, post the PDVSA analysis, started looking at Mexico... here is a trade I think makes sense -> buying MBONO 30y unhedged At around 7.5% yield, inflation probably i

happy to discuss further if u find interesting... (Embedded image moved to file: pic03586.gif) CNYMXN chart courtesy Nav Gupta (shows relative value in Labour cost between china and Mexico) (Embedded image moved to file: pic09654.gif) (Embedded image moved to file: pic2991

[email protected]> m: To: vinit Sahni/db/. cc: ' "Nav Gu to DEUTSCHE ASSET MANAG)" < rris , vahe Stepani an oat 13/01/2014 11:50 e: sub Re: PDVSA chart + USDJPY Trade (c] jec t: thanks , lets keep On Mon, Jan 13, 2014 at 7:47 AM, Vinit Sahni wrote: Classification: Confidential CONFIDENT

Speak with you soon, Tazia Used with permission of Bloombe=g Finance LP, 1/10/14 Forwarded =y Tazia Smith/db/dbcom on 01/12/2014 03:29 PM From: Nav Gupta To: Tazia Smith Date: 01/10/2014 08:21 AM Subject: SY [I] Classification: For internal us= only Long $Y Call Options. We like long expiry opt

k money good in 15 On Sun, Jan 12, 2014 at 4:38 PM,=Tazia Smith <mailto > wrote: Classification: Co=fidential Jeffrey: Please find the chart of PDVSA 5% =0/28/15 price history below, as well as a description of the USDJPY 10yr trade that we briefly discussed on Friday. Speak with you soon, Tazia

mplementation of energy reform and a selloff in USTs happy to discuss further if u find interesting... <mime-attachment.gif> CNYMXN chart courtesy Nav Gupta (shows relative value in Labour cost between China and Mexico) EFTA00676640 <mime-attachment.gif> <rnime-attachment.gif> Vinit Sahni Managing

11/13/2042 and ping u as and when our view on rates or the currency changes will keep u updated, as here u have risk on both components unlike the PDVSA where the bond was denominated in USDs. Best Vinit EFTA00676639 <mime-attachment.gif> Vinit Sahni Managing Director I Global Head - Profession

<mime-attachment.gif> Used with permission of Bloomberg Finance LP, 1110/14 -- Forwarded by Tazia Smith/db/dbcom on 01/12/2014 03:29 PM -- From: Nav Gupta/dbldbcom@DBEMEA To: Tazia Smith/db/dbcom@DBAMERICAS. Date: 01/10/2014 08:21 AM Subject: SY (I] Classification: For internal use only Long SY

ou think money good in 15 On Sun, Jan 12, 2014 at 4:38 PM, Tazia Smith < > wrote: Classification: Confidential Jeffrey: Please find the chart of PDVSA 5% 10/28/15 price history below, as well as a description of the USDJPY 10yr trade that we briefly discussed on Friday. Speak with you soon, Tazia