Harmonized YoY Germany: CPI EU Harmonized YoY Italy: Industrial Production YoY [Total/excess return forecasts in HY. IG, leveraged loans HY IG Syr Trsy 10yr Trsy Loans 2yr Trsy Spreads/Yields Spreads/Yields Current 561 163 149 218 Current 540 57 Target 650 170 160 225 Target 575

27 March 2015 US Fixed Income Weekly [Tote&excess return forecasts in HY. IG. leveraged loans HY IG Syr Trsy 10yrTrsy Loans 2yr Trsy Spreads/Yields Spreads/Yields Current 476 129 147 201 Current 515 55 Target 510 130 195 250 Target 500 1