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rt preferred at=a 6.3% current yield to March 2018. Let me know if you hav= time for a call; I'm at Thanks, Amanda Amanda Ens Director </=pan> Bank of America Merril= Lynch Merrill Lynch, Pierce,=Fenner & Smith Incorporated One Bryant Park, 5th F=oor, New York, NY 10036 Phone Mobile: <=p> The power of global co=nec
isclaimer <http://www.bankofam=rica.com/emaildisclaimer> . If you are not the intend=d recipient, please delete this message. Amanda Ens Direct=r Bank o= America Merrill Lynch Merril= Lynch, Pierce, Fenner & Smith Incorporated=o:p> One Br=ant Park, 5th Floor, New York, NY 10036 Phone: Mobile: 8 EFTA_R1_0
phabet — $ 2 billion Chart Two shows Investment Grade ETF, L=D, is at the top of a long term range with shares outstanding around an al= time high. Hans Mikkelsen noted on Friday in "Credit Market Strategist <http://rsch.baml.com/r?q=OaYw89Yo1lRsHX6GXUP0lw=amp;a=amanda.ens%40baml.com&h=QasuWw>" with Japanese
rred at=a 6.3% current yield to March 2018. Let me know if you hav= time for a call; I'm at l> .<=u> Thanks,<=> Amanda Amanda Ens</=> Director Bank of America Merril= Lynch Merrill Lynch, Pierce,=Fenner & Smith Incorporated One Bryant Park, 5th F=oor, New York, NY 10036 Phone: Mobil= </=> The power of global co=nec
t - $ 2 bill ion=/u> Chart Two shows Investment Grade ETF, L=D, is at the top of a long term range with shares outstanding around an all time high. Hans Mikkelsen noted on Friday in "Credit Market Strategist <http://rsch.baml.com/r?q=OaYw89Yo1IRsHX6GX=POlw&e=amanda.ens%40baml.com&h=QasuWw> " with Japanese inf
to March 2018. Let me know if you hav= time for a call; I'm at 212.449.7781 <tel:212.449.7781> .<=u> Thanks,<=> Amanda Amanda Ens</=> Director Bank of America Merril= Lynch Merrill Lynch, Pierce,=Fenner & Smith Incorporated One Bryant Park, 5th F=oor, New York, NY 10036 Phone: 212.449.7781 <tel:212.449.7781> Mobil=: 9
et — $ 2 billion=/u> Chart Two shows Investment Grade ETF, L=D, is at the top of a long term range with shares outstanding around an all time high. Hans Mikkelsen noted on Friday in "Credit Market Strategist <http://rsch.baml.com/r?q=OaYw89Yo11RsHX6GX=P0lw&e=amanda.ens%40baml.com&h=QasuWw> " with Japanese inf
available at http://www.bankofamerica.com/emaildisclaimer. If you are not the i=tended recipient, please delete this message. Am=nda Ens Director Bank of America Merrill Lynch= Merrill Lynch, Pierce, Fenner=& Smith Incorporated One Bryant Park, 5th Floor, N=w York, NY 10036 =C2 The power of global co=nections'm =
t — $ 2 bill ion=/u> Chart Two shows Investment Grade ETF, L=D, is at the top of a long term range with shares outstanding around an all time high. Hans Mikkelsen noted on Friday in "Credit Market Strategist chttp://rsch.baml.com/r?q=OaYw89Yo11RsHX6GX=P0lw&e=amanda.ens%40baml.com&h=QasuWw> " with Japanese inf
Investment Strategy
-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 Merrill Lynch Global Research. For the full metho
Page: HOUSE_OVERSIGHT_014433 →h Personnel (including the analyst(s) responsible for this report) receive compensation based upon, among other factors, the overall profitability of Bank of America Corporation, including profits derived from investment banking. The analyst(s) responsible for this report may also receive compensation based upon, a
Page: HOUSE_OVERSIGHT_014457 →errill Lynch (Singapore) (Company Registration Nos F 06872E and 198602883D respectively). MLIBLMB and Merrill Lynch (Singapore} are regulated by MAS. Bank of America N.A, Australian Branch (ARBN 064 874 531), AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795), AFS L
Page: HOUSE_OVERSIGHT_014457 →Quantitative Analysis
oose to pay down debt over other uses of cash, in an attempt to skew their balance sheets less toward debt and more toward equity (see the section on no Bankof America <> Merrill Lynch Equity Strategy Focus Point | 29 January 2017 9 HOUSE_OVERSIGHT_023077 --- PAGE BREAK --- interest tax shield later in this repor
Page: HOUSE_OVERSIGHT_023078 →ere is a reasonable chance that a provision is included in the legislation that would treat such debt as new debt. In our Investment Grade Strategist Hans Mikkelsen’s view, demand for IG credit could be materially reduced over time. The tax change could also dampen Leverage Buyout (LBOQ) activity, according to ou
Page: HOUSE_OVERSIGHT_023086 →Entities connected to both Bank of America and Hans Mikkelsen

Jeffrey Epstein
PERSON
Richard Kahn
PERSON
NEW YORK NY
LOCATION
Marc Rich
PERSONAmanda
PERSON
Donald Trump
PERSON
Bloomberg L.P.
ORGANIZATION
Merrill Lynch
ORGANIZATION
Bank of America Corporation
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
United Kingdom
LOCATION
Michael Bloomberg
PERSON
Merrill Lynch Global Wealth Management
ORGANIZATIONMerchant Bank
ORGANIZATION
Seoul
LOCATIONMerrill Lynch KSA Company
ORGANIZATIONMerrill Lynch Canada Inc
ORGANIZATIONBaFin
ORGANIZATION
Frankfurt
LOCATIONThe Financial Service Board
ORGANIZATION