0yr Titulary Yield • FF Target Rate (On) ROEril S&P 560 Bares (Ms) Yon rOC '***'anew. Orraa, rirpcm Cows" Owlessfte Sint [Figure 25: Banks NIM vs. 5yr Treasury Yield fm 20% 15% [Figure 26: Banks ROE vs. 5yr Treasury Yield • 46% 44% 4 3% • 3d% 8% 3.6% 34% 32% 2% 1 30% 1 28% fl nEi*i fi N IV