EFTA Document EFTA01385835

ly2y Forward Volatility is at the lows and so is vol carry -LIMP! UStli - e‘ 93% - 1y:it Vol Corry 1P1H$ : 8.09t. 94'74: "--.---;•"-? • -2.5% -20% see-25 $.40•19 -Las-17 Sources: Deutsche Bonk, Bloomberg Finance L.P. Discicumer: http://giobolmorkets.db.cominew/content/3045.html Martin Zeman Director I Key Client Partners Deutsche Bank Wealth Management DB Securities Inc 345 P New York. NY. USA Tel Mob Em 0.3% -02% 0 3% -04% -0.4% 0.4% 0.6% -1.0% -0.5% -08%