Epstein Secrets

n curve (Jan 21) and we closed Jan 19 receivers. We think there is room for some short term bull flattening in Mexico, and we keep paying ly IBR in Colombia and receive 2y Camara in Chile. We stay neutral on most LatAm FX as valuations are not attractive. We like to short MXN at current levels. Position

right now IX Buy 6M ATM EURSEK straddles: We see a number of key events for the rest of the year wtich should see EURSEK vol rise including ECB and Riksbank meetings as well as the announcement of a new Riksbark Governor. EUR?SEK vol looks cheap on our metrics. Buy EURAJSO out spreads: near.temi headwi

n EUR/CLP is an attractive alternative to position for loose monetary policies at the core (current: 618, entry: 616, target: 682, stop: 626). In Colombia, policymakers under-delivered in terms of FX market intervention after signaling that the currency was unacceptably expensive. Nevertheless, some n

Page 11 EFTA01464446 16 May 2013 FX Blueprint: Dashing Buck Meanwhile in Sweden imported deflation is dragging headline CPI further below the Riksbank's projection (in April -0.5% YoY vs the -0.2% projection). For the inflation targeting Riksbank this should mean further policy easing, and it mig

20 | N 1 S&S O- SS - 0% 50% + -20 + - - -30% -40 - 25% | 20.6% 15.6% a 16.7% ~ 60% 117% 11.9% 12.9% -60 | ; ° ail OQ, 69% 67% a 0% -80 Turkey Mexico Colombia South Africa Brazil Argentina Russia Bitcoin Count of Drawdowns of 15% or More Worst Historical Drawdown (TRY) (MXN) (COP) (ZAR) (BRL) (ARS) (RUB) (X

. = Cryptocurrency proposals are being considered by several central banks, including Singapore’s MAS, China’s PBOC, Russia’s Central Bank, Sweden’s Riksbank and Ecuador’s Banco Central. = A successful central bank cryptocurrency could substantially reduce fraud and tax evasion. 23 HOUSE_OVERSIGHT_025686