Foreign participation in US lOy and 30y auctions trending down recently 45 - 40 - 35 - 30 - 25 - 20 - Is 10 - 0 10 and 30 yr auction amounts awarded to foreigners Woof total issued) Less foreign appetite for US duration? Ocr) O o O o N N er) M Nr Nr -a to to to co co tO N N W b!. g 4. g —L J. g _L 3 RIM 03 7 03 7 COM CO 7 Z Source: ODM, HaverAnalytics, DB Global Markets Research Deutsche Bank Torsion Slok, tasten.slokadb.com *1 212 250-2155 October 2017 00 - 45 - 40 - 35 - 30 - 25 - 20 - 15 - 10 5 0 27 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088099 CONFIDENTIAL SDNY_GM_00234283 EFTA01386410