17.C% 15.5% 14.0% 12.5% 11.0% 9.5% 8,0% —11501PY ly:ty Forward Vol —USDWY 2,/ Implied Vol A - 5.74 ly2 y Vo I Carry (RRS) 05% -00% .05% -1.Or% -15% -2..0% 25% Sep-11 Sep-12 Sep-23 Sep•14 Sep-1S Sep-16 Sep-17 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0088976 CONFIDENTIAL SDNY_GM_00235160 EFTA01386992