Parts @Oil&Gas OHealthCare e@RealEstate O@Telecommunications Utilities -0.10% Highest div yield vs CDS Bubble size legend: The bigger the bubble RDSA NA the cheaper the risk reversal versus history* 0.15% 0.20% 0.25% -0.30% -0.35% 0% -0.40% -~0.45% 0.50% Cheapest risk- 0.55% reversal i 0 2.0%