27 March 2015
27 March 2015
US Fixed Income Weekly
2Y/30Y slope seasonals (Change since Jan- I)
24
19
14
9
4
-6
-11
-16
-21
26 -2005-2014 -1997.2014 .2015 5Y/ 0Y slope seasonals (Change since Jan- I)
9
7
5
3
-1
-3
-5
7 -...•19972014 .2015
J n Feb Mar ppr bitty Jun Jul Aug Sep Oct Nov Dec J n Feb tiler Apr May Jun Jul Aug Sep Oct Nov Dec
SFSC< DaXxM Ears
5Y..2.0Y slope seasona!s (Change since Jan- I)
2005-2014 —1997-2014 .2015
J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
San Dana* ant
SOY swap spread seasonals (Change since Jan-1)
4
2
0
.2
-6
-e
-10
-12
-14 2005-2014 --.-1997 2014 2015
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
As 0~ ant
Deutsche Bank Securities Inc. Sawa' Owen* -*
SY/30Y slope seasonals (Change since Jan- I)
12
10
6
4
2
0
2 —2005.2014 ---1997 2014 2015
J n Feb Mar Apt May Jun Jul Aug Sep Oct Nov Dec
am ~a an
110Y swap spread seasonals (Change since Jan-11
6
4
2
0
-2
-e
-10
-12 2006-2014 - 1997-2014.2015
J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Sumo 0~ en
Page 61
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0087432 CONFIDENTIAL SDNY_GM_00233818
EFTA01385964