EFTA01458570.pdf
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2 October 2015
Global Economic Perspectives: A hard landing in Chine?
(Financial Forecasts
Us Jpn Euro Urr Swer 9vava• Can• Ain'
3M intamti Actual 0.33 0.17 -0.04 0.58 .0.35 .0.75 0.50 2.00 2./5
Pato.r 0.75 0.15 .0.10 0.59 .0.35 .0.75 0.50 2.00 2.50
(16 forecast; Mar It 1 18 0.15 0.10 0.59 -035 -015 050 700 2 SO
1.93 0.15 0.10 0.87, 0.35 0.75 1.25 2.00 2.50
10Y Gov't' Actual 205 0.35 0.59 1.77 n a. n.a. 143 262 3.28
P.ondfliaMs i• -V- e: /0 2.1 na ans. 190 3.00 3.50
Spread/ Mar-I6 200 0.50 090 235 na na 2.50 3.00 3.50
08 fora:acre 7.25 060 1.20 3.1:0 n.e. 350
21MILl naka
FUR: IAD/ FUR, GBP/ EURe FUR? USD/ AUL8
osi2 JPY Cf I' Lip if , Cur CAO U< ] ;
Exchange Actual 1.12 120.2 0.74 1.52 940 109 1.33 0.71 0.61
Rates 1.05 1:25 0 Sot' 1 53 8.90 E 12 t ir,i5 0 1..<1 _.n.
0.98 1210 067 146 883 1.14 1.38 066 0.56
0.93 1282. 0.71 4.31 0
. 79. ....r 14.1 1.84 ,.. 0.88. 0.58
(?) ibrecosbren St resit, • nava.,Pow mares
rd rowanAn Ida whineeproduce Dime moon& ^..oni viceene sanyors
DJ US !% Goa bardSW ewes AnPen LOW J), 7 US FowlMons Nino*
Sotc earewerepPre LP. Danthe Orr Pesesral Rend .ne mMYY rryao
IUS 10Y rates Euroland WY rates
Euro government bond yields, %
US government bond yields, % 8.0 2.5
6.0 5.0
5.0 2.0
5.0 4.0 4.0 1.5
3.0 3.0 1.0
4.0
2.0 0.5
Nr\ g y 2.0
3.0 1.0 0.0
1.0
0.0 0.5
2.0 0.0 2002 2004 2008 2008 2010 2012 2014 2018
—10Y 2Y/10Y spr (ms) lay —2vtior weal OW
1.0 4.0
2002 2004 2006 2008 2010 2012 2014 2016
Sane Datrara - Renvn efeentesep finance LP Sant Oeusehe arc AS 81xembegForaIP
r apers 10Y rates IUK 10Y rates
2.5 Japan government bond yields, % 2.0
7.0 UK government bond yields, % 3.5
2.0 6.0 3.0
1.5 2.5
1.5 1.0
5.0
4.0
2.0
1.5
1.0 3.0 1.0
0.5
0.5 2.0
0.5
OY — Dal OY sprawl OW 1.0 0.0
0.0 0.0 0.0
for — ZY/I0Y spread UN) 415
-1.0
2002 2004 2006 2008 2010 2012 2014 2016
2002 2004 2006 2008 2010 2012 2014 2016
sane Maas se* Rana* INorritorg FI41/1411LP Salts 014.00141SW* RiMinviB100IMMV tritIOcsi,
Deutsche Bank Securities Inc. Page 21
CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0118545
CONFIDENTIAL SDNY_GM_00264729
EFTA01458570
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EFTA01458570
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