EFTA Document EFTA01451261

Cc. Tazia Sma S. `Nay Gupta (DEUTSCHE ASSET MANAGY Paul Wald . Vahe Steparyan. Date: 13/01 Subject: Re: PDVSA chart + USDJPY Trade [C] thanks , lets keep On Mon, Jan 13, 2014 at 7:47 AM, Vinit Sahni wrote: Classification: Confidential This attached image shows the current pricing on the curve, which is slightly weaker than it was in early December. I have also added the term structure of PDVSA and VENZ sovereign bonds, which gives us some relative value across the curve Bouts of