Epstein Secrets

weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the dollar. • Commodities - Stay long Brent and shor

[email protected] J.P. Morgan Securities p/c Matthew Lehmann (44-20) 7134-7813 [email protected] J.P. Morgan Securities plc Leo Evans (44-20) 7742-2537 [email protected] J.P. Morgan Securities plc YTD returns through Mar 27 %, equities are in lighter color. Topix* | S&P50

t. Periphery sovereign debt has rallied due to the promise of the OMT, but this has had little if no impact on their economies. The chaos around the Cyprus bailout is further reducing confidence that the Euro Area has what it takes to pull itself out of recession & malaise. Euro policy makers & institut

ani irtzoglou J.P. Morgan Securities plc Seamus Mac Gorain EFTA00628227 J.P. Morgan Securities plc Matthew Lehmann J.P. Morgan Securities plc Leo Evans J.P. Morgan Securities plc If you no longer wish to receive these e•malls then click here to unsubscribe www.Jpmorganmarkets.com Analyst certificat

lly, attention in the CDS market has been focussed on the index rolls into Series 18 of the CDX and 17 of the iTraxx this week. Among other changes, Cyprus replaces Greece in the SovX (see Global CDS Indices, March 19). Foreign Exchange A familiar explanation for recent dollar strength, the March patte

ikolaos Pani irtzoglou J.P. Morgan Securities Ltd. Seamus Mac Gorain J.P. f,,lorgan Securities Ltd. Matthew Lehmann J.P. Morgan Securities Ltd. Leo Evans J.P. Morgan Securities Ltd. If you no longer wish to receive these e-mails then click here to unsubscribe www.morganmarkets.com Analyst certificati

weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the • Commodities - Stay long Brent and short gasoli

[email protected] J.P. Morgan Securities plc Matthew Lehmann (44-20) 7134-7813 [email protected] J.P. Morgan Securities plc Leo Evans (44-20) 7742-2537 [email protected] J.P. Morgan Securities plc If you no longer wish to receive these e-mails then click here to unsubscri

weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the dollar. • Commodities — Stay long Brent and shor

[email protected] J.P. Morgan Securities plc Matthew Lehmann (44-20) 7134-7813 [email protected] J.P. Morgan Securities plc Leo Evans (44-20) 7742-2537 [email protected] J.P. Morgan Securities plc If you no longer wish to receive these e-mails then click here to unsubscri