ii US Treasuries 3/4. •... 1 I 1 a.. r . -30 A r I a 4,. tv i -40 -50 LIST - MBS 500bn matunng -60 just in2016 SPecterD•unthe ant. Bloombeg Felence LP on% DB • nowt* Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MCI (P) 124/04/2015. CONFIDENTIAL - PURSU