EFTA Document EFTA01451249

Stepanian/db/ Oat 13/01/2014 11:50 e: Sub Re: PDVSA chart + USD)PY Trade [C] jec t: thanks , lets keep on Mon, )an 13, 2014 at 7:47 AM, vinit Sahni wrote: Classification: confidential This attached image shows the current pricing on the curve, which is slightly weaker than it was in early December. I have also added the term structure of PDVSA and VENZ sovereign bonds, which gives us some relative value across the curve Bouts of volatility will likely remain an issue and therefore