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sd-10-EFTA01385975Dept. of Justice

EFTA Document EFTA01385975

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'Dui SOMMOOS We9 Otpilino() Closed Trade Recommendations Trade Detail Rationale Risks Opened Envy Mond Exit P/L inflation Long 2019 TIPS breakevens versus 2016 TIPS breakevens Being long 2019 BEs versus 2016 BEs has positive carry. rind is less correlated with energy prices than 1w BEs 2019 breakevens drop more than 2016 breakevens 11/26/14 +41 bp 2/25/15 +22 bp +4,014k Inflation Long 30yr TIPS breakevens Bond TIPS look cheap one relative value basis Inflation expectat

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Dept. of Justice
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sd-10-EFTA01385975
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