EFTA Document EFTA01451295

agreed lets do 3m on Tue, )an 14, 2014 at 4:23 Am, vinit Sahni > wrote: classification: Confidential Jeffrey - was looking for value in the EM space, post the PDVSA analysis, started looking at Mexico... here is a trade I think makes sense -> buying MBONO 30y unhedged At around 7.5% yield, inflation probably in the 3-4% in the foreseeable future, and usp/mm likely stable or stronger in real (deflated) terms, think it is good value. The curve is steep. If you look at 10,10Y UST and 10Y