Epstein Secrets

Mang Rates Strategist John Shin FX Strategist MLPF&S Europe Raif Preusser, CFA Rates Strategist MLI Ruben Segura-Cayuela Europe Economist Mark Capleton Rates Strategist MLI Athanaslos Vamvakklls FX Strategist Sphia Salim Rates Strategist MLI KIK) Kamal Sharma FX Strategist MLI MLI Myria Ky

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MLI (UK) +44 20 7995 7331 [email protected] Ruben Segura-Cayuela Europe Economist MLI (UK) +44 20 7995 2102 [email protected] Mark Capleton Rates Strategist MLI (UK) +44 20 7995 6118 [email protected] Athanasios Vamvakidis FX Strategist MLI (UK) +44 20 7995 0790 athanasios.vam

/AUD lan Gordon Long RUB/ZAR David Hauner 2s-5s-10s fly Shyam S.Rajan Fixed Income Short US 10y real rates Shyam S.Rajan Paying 5y GBP real rate swap Mark Capleton Buy 30y US |G Industrial spreads Hans Mikkelsen Credit Buy basket of Euro AT1s Barnaby Martin Long Xover short Main loannis Angelakis Source: BofA M

the United Kingdom (UK) to professional clients and eligible counterparties (as each is defined in the rules of the FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, which are authorized by the PRA and regulated by the FCA and the PRA, and is distributed in the UK to retail clients (as defined in the rules of the

al Rates, FX & EM 2017 Year Ahead | 16 November 2016 Bankof America Merrill Lynch HOUSE_OVERSIGHT_014742 --- PAGE BREAK --- Best Inflation Trades Mark Capleton David Beker MLI (UK) Merrill Lynch (Brazil) [email protected] [email protected] Sebastien Cross Athanasios Vamvakidis MLI (UK) MLI (UK) seb

zil): Bank of America Merr This research report: has been approved for publication and is distributed in the United FCA and the PRA) by MLI (UK) and Bank of America Merrill Lynch International Limited, retail clients (as defined in the rules of the FCA and the PRA} by Merrill Lynch Internatio imited regulation by the FCA and PRA - details about the