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[email protected] Claudio Piron Emerging Asia FI/FX Strategist Merrill Lynch (Singapore) +65 6591 0401 [email protected] David Hauner, CFA EEMEA Cross Asset Strategist MLI (UK) +44 20 7996 1241 [email protected] Shyam S.Rajan Rates Strategist MLPF&S +1 646 855 9808 [email protected] Mark Capleton Rates

merica Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 21 Merrill Lynch HOUSE_OVERSIGHT_014751 --- PAGE BREAK --- Best Contrarian Trades David Hauner, CFA Ezequiel Aguirre MLI (UK) MLPF&S [email protected] [email protected] Mark Cabana, CFA Rohit Garg MLPF&S Merrill Lynch (Singapore)

aml.com Shuichi Ohsaki Rates Strategist Merrill Lynch (Japan) +81 3 6225 7747 [email protected] Global Emerging Markets David Hauner, CFA EEMEA Cross Asset Strategist MLI (UK) +44 20 7996 1241 [email protected] Claudio Irigoyen LatAm FI/FX Strategy/Economist MLPF&S +1 646 855 1734 [email protected]