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rcial and industrial loans have been positive for 19 consecutive quarters. ISM Index Oct-07 Sep-11 Footnotes: Data as of December 2015. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. Aug-15 Vehicle sales are at the highest level (-18 million annual rate) since 2005. Footnotes: Data as of Novem
.75% 0.10% Euroland (German Bund) UK EFTA01477421 Japan Credit Barclays U.S. High Yield 2.05% 0.41% 1.71% 0.23% Current Couponl 6.70% JPM GBI- EM Global Diversified (Local) JPM EMBIG (EM Broad Index) (Hard Currency) Yield 9.47% 7.08% Current Spread5 799 457 J J J J Next 3%+ Move
rch 25, 2016. Source: FactSet, Deutsche Bank Wealth Management. Deutsche Bank Wealth Management Footnotes: Data is as of March 18, 2016. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. 20 Jan-15 Jan-16 EFTA01477978 bbls/day. However, supply is still too high and will According to the Departme
2.5% 2.5% 2017 USA Euroland (German Bund) UK Japan Credit Barclays U.S. High Yield Yg 1.89% 0.18% 1.45% -0.10% Current Couponl 6.60% JPM GBI- EM Global Diversified (Local) JPM EMBIG (EM Broad Index) (Hard Currency) Yield 8.35% 6.55% Current Spread5 700 405 Euroland (Euro Stoxx 50)
rch 25, 2016. Source: FactSet, Deutsche Bank Wealth Management. Deutsche Bank Wealth Management Footnotes: Data is as of March 18, 2016. Source: Bloomberg Finance LP, Deutsche Bank Wealth Management. 20 Jan-15 Jan-16 EFTA01478048 bbls/day. However, supply is still too high and will According to the Departme
2.5% 2.5% 2017 USA Euroland (German Bund) UK Japan Credit Barclays U.S. High Yield Yg 1.89% 0.18% 1.45% -0.10% Current Couponl 6.60% JPM GBI- EM Global Diversified (Local) JPM EMBIG (EM Broad Index) (Hard Currency) Yield 8.35% 6.55% Current Spread5 700 405 Euroland (Euro Stoxx 50)
Entities connected to both Bloomberg Finance LP and JPM GBI-

Bloomberg L.P.
ORGANIZATION
Paul Morris
PERSON
Deutsche Bank
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATION
Frankfurt
LOCATION
New Zealand
LOCATION
Norway
LOCATION
Moody's
ORGANIZATION
Belgium
LOCATION
Denmark
LOCATION
Finland
LOCATION
New York
LOCATIONLarry Adam
PERSONMulti Asset Investment Committee
ORGANIZATIONDeutsche Asset & Wealth Management 4 Direction
ORGANIZATIONForeign Exchange/Currency
ORGANIZATIONCurrentl
LOCATIONFactSet, Deutsche Bank Wealth Management
ORGANIZATION
Luxembourg
LOCATIONEuroland
ORGANIZATION