EFTA Document EFTA01362036

4 September 2015 US Fixed Income Weekly 51/ swap spread seasonals (Change since Jan-1) B 6 2 0 -2 -4 1997 2014 .5~ 2015 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Seen Dane* ant S&P Index seasonals (Change since Dec-31) 6% 6% 4% 2% 0% -2% -4% -6% -8% -10% 2005-2014 1997 2014 016 J n Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec San Oran* On 5Y10Y Implied vol seasonals (Change since Dec-31) 7 a 3 1 -1 -3 -5 -7 J n Feb Mar Aix May Jun .......2005-2014 -1997