all but got Lesley's voice mail. I am at +1 212 454 0857... Euro Swaps — now: 10y 0.65% 30y 1.02% Euro Swaps — on Tuesday: 10y 0.51% 30y 0.83% German Bunds — now 10y 0.36% 30y 0.87% German Bunds — on Tuesday 10y 0.16% 30y 0.64% From: Jeffrey E. [[email protected]] Sent: Thursday, April 3

an companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. While

A super 1994 style bond blood bath is not here yet. Fixed income After last week's sharp sell-off, this week saw USTs essentially unchanged while German Bunds rallied, with 10-year yields coming down 13bp. We close our short duration position in Europe as well as peripheral OWs (GFIMS). Next week's EcoFin

rials Information technology Materials • • F • F • A • A • NI • • • • • • • • F Style Small and mid cap • 'as of 7/15/15 ()German Bunds (10-year) As for most bonds we also expect Bunds to swing back and forth in a trading range for the time being, offering short-term opportunities.

lio. This is not just a theoretical Issue because increases in VaR can result in automatic forced selling from trading books. A rise in the VaR of German Bunds in April, for example, triggered two subsequent waves of position adjustments by investors, taking Bund VaR to a multi-decade high. Asset classes t

U.S. Treasuries (2..yrmir) U.S. Treasuries (10-year) U.S. Treasuries (30-year) U.K. Gilts (10.ywn) Eurozonc, periphery German Blinds 12-year) German Bunds (10-year) Japanese government bonds (2-year) Japanese government bonds (10-year) U.S. investment grade U.S. high yiekl EUR investment grade' FU

n companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. CONF

an companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. Whil

an companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. whi

n companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. Whil

companies but the outstanding available is relatively small so it will likely buy Eurozone Government Bonds. The spread between Italian BTPs and German Bunds has tightened significantly past 18months but old metrics of value make no sense in Europe because they rely on history when there was no QE. wh

likely to increase sharply over the next 12 months. With the ECB persevering with quantitative easing, the differential between U.S. Treasuries and German Bunds is also likely to continue. On the corporate side, high levels of recent issuance help keep us cautious on investment grade. U.S. high-yield could