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market equity performance in Europe. As of May 2005. the MSCI Europe Index consisted of the following 16 developed market country indices: Austria, Belgium, Denmark, Finland, France, Germany. Greece. Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. T
Data 5-Year AAA curve is the mean of 5-Year AM State G.O. bonds. When the supply in these credits narrows. MMD often relates to comparable AM-rated G.O. bonds trading in the secondary or primary markets. The • • . . • . • • is the Intermediate component of the U.S. Government/Credit Index and in
market equity performance in Europe. As of May 2005. the MSCI Europe Index consisted of the following 16 developed market country indices: Austria, Belgium, Denmark, Finland, France, Germany. Greece. Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. T
Data 5-Year AAA curve is the mean of 5-Year AM State G.O. bonds. When the supply in these credits narrows. MMD often relates to comparable AM-rated G.O. bonds trading in the secondary or primary markets. The • • . . • . • • is the Intermediate component of the U.S. Government/Credit Index and in
market equity performance in Europe. As of May 2005. the MSCI Europe Index consisted of the following 16 developed market country indices: Austria, Belgium, Denmark, Finland, France, Germany. Greece. Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. T
Data 5-Year AAA curve is the mean of 5-Year AM State G.O. bonds. When the supply in these credits narrows. MMD often relates to comparable AM-rated G.O. bonds trading in the secondary or primary markets. The • • . . • . • • is the Intermediate component of the U.S. Government/Credit Index and in
market equity performance in Europe. As of May 2005. the MSCI Europe Index consisted of the following 16 developed market country indices: Austria, Belgium, Denmark, Finland, France, Germany. Greece. Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. T
Data 5-Year AAA curve is the mean of 5-Year AM State G.O. bonds. When the supply in these credits narrows. MMD often relates to comparable AM-rated G.O. bonds trading in the secondary or primary markets. The • • . . • . • • is the Intermediate component of the U.S. Government/Credit Index and in
Entities connected to both Belgium and G.O.

Norway
LOCATION
Finland
LOCATION
Denmark
LOCATION
United Kingdom
LOCATION
New Zealand
LOCATION
U.S. Treasury
ORGANIZATION
Moody's
ORGANIZATIONthe Frank Russell Company
ORGANIZATIONthe Pacific Basin
LOCATIONMSCI Europe
ORGANIZATION
the United States Government
ORGANIZATIONthe U.S. Government/Credit
ORGANIZATIONGeneral Obligations and Revenue
ORGANIZATIONthe Municipal Market Data
ORGANIZATIONGeneral Obligation
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATION