) James Barty Long SXDP Index Ronan Carr Equities Long Nikkei Shusuke Yamada Long European index dividend futures James Barty Long MSCI Asia ex-Japan Ajay Kapur Long RTY short SPX 2y variance swap Nitin Saksena 3000-2850 SX5E put spread Dec 16 expiry James Barty Equity vol Long NKY short SPX Dec 18 variance s

K) and US remain very much =n expansionary territory. <http://rsch.baml.com/r?q=8Vhz=i7ZURvyXyDCoxb IrQ&e=amanda.ens%40baml.com&h=X2v1qQ> In China, Ajay Kapur notes the drop i= REAL corporate bond yields from 10% last summer to only 6% now, helps manage the corporate debt to GDP ratio of 160%</=> with the