in response to a policy mistake of premature hikes. Sell-off beyond 3.10%. 12/19/14 option Buy $100mn 1Y30Y receivers, struck at spot, at 1270c BulVflatteners at the back end. Loss equal to the options premium 12/19/14 option 6M dual digital: 2s> F+10bp & I Os < V-10bp offer 11.5% This is a leveraged

ess or in response to a policy mistake of premature hikes. Sell-off beyond 3.10%. 12/19/14 Buy $100mn 1Y30Y receivers, struck at spot, at 1270c BulVflatteners at the back end. Loss equal to the options premium 12/19/14 Ol 6M dual digital: 2s> FmlObp & 10s < F-10bp offer 11.5% This is a leveraged expr