EFTA01458570

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 n a ans. 190 3.00 3.50 Spread/ Mar-I6 200 0.50 090 235 n a n a 2.50 3.00 3.50 08 fora:acre 7.25 060 1.20 21MILl naka 3.1:0 n.e. 350 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 t ir,i5 0.71 0.61 Rates 1.05 1:25 0 Sot' 1 53 8.90 E 12 0 1..<1 _.n. 0.98 1210 067 146 883 1.14 1.38 066 0.56 0.93 1282. 0.71 4.31 .079. ....r 14.1 1.84 ,.. 0.88. 0.58 (?) ibrecosbren St resit, • nava., Pow mares rd rowan An Ida whine e produce Dime moon& ^..oni viceene sanyors DJ US !% Goa bard SW ewes An Pen LOW J),7 US Fowl Mons Nino* Sotc earewerep Pre LP. Danthe Orr Pesesral Rend .ne mMYY rryao IUS 10Y rates US government bond yields, % 6.0 5.0 5.0 4.0 3.0 4.0 Nr\ 2.0 3.0 g y 1.0 2.0 0.0 2Y/10Y (ms) —10Y spr 1.0 4.0 2002 2004 2006 2008 2010 2012 2014 2016 Sane Datrara - Renvn efeentesep finance LP rapers 10Y rates 2.5 2.0 1.5 1.0 0.5 Japan government bond yields, % OY — Dal OY sprawl OW 0.0 2002 2004 2006 2008 2010 2012 2014 2016 sane Maas se* Rana* INorritorg FI41/1411 LP Deutsche Bank Securities Inc. 2.0 Euroland WY rates 8.0 5.0 4.0 3.0 2.0 1.0 0.0 Euro government bond yields, % 2002 2004 2008 2008 2010 2012 2014 2018 lay —2vtior weal OW Sant Oeusehe arc AS 81xembeg Fora IP IUK 10Y rates 7.0 6 1.5 .0 5.0 1.0 4.0 3.0 0.5 2.0 1.0 for 0.0 0.0 2002 2004 2006 2008 UK government bond yields, % 2.5 2.0 1.5 1.0 0.5 0.0 0.5 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 — ZY/I0Y spread UN) 415 -1.0 2010 2012 2014 2016 Salts 014.00141 SW* RiMinviB100IMMV tritIOcsi, Page 21 CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0118545 SDNY_GM_00264729 EFTA01458570