4 September 2015
4 September 2015
US Fixed Income Weekly
30Y Treasury yield seasonals (Change since Jan-1)
-2005-2014 1997 2014 2015
J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Seen Dance. -4
5Y Treasury yield seasonals (Change since Jan-11
25
16
5
-5
-15
-25
-35
-45 2035-2014 —1997 2014 2016
J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sane Oen~
12Y/5Y slope seasonals (Change since Jan- I)
16
10
5
0
-5
-10
-15
-20
25 2005-2014 2014 -2015
Aug Sep Oct Nov Dec J n Feb Mar Aix May Jun Jul
Scut* DancileSaret 110Y Treasury yield seasonals (Change since Jan-1)
42
32
22
12
2
-8
-18
-28
-38
48 a...N.2%6-2014 — 1997 2014 2015
Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Scarce Odue~aant
12Y Treasury yield seasonals (Change since Jan-I)
J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Scam Onich• ere —2005-2014 -1997 2014 -2015
r2Y110Y slope seasonals (Change since Jan-11
40 •••••••••2005-2014 1997 2014 2015
30
20
10
0
•10
-20
30
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sate* Punt." *Sea
Page 30 Deutsche Bank Securities Inc.
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0051331
CONFIDENTIAL SDNY_GM_00197515
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