EFTA Document EFTA01458275

I September 2015 Corporate Credit: Back to school - The edge of normality [Figure 19: EUR and USD fly Average Yields and Spreads by Rating/Maturity 'fiats re 41. 0-5yr 5.1CM ".1(her 05yr OAS (bp%) 5 Ovi .,10yr EUR Non-Fn BB 2.95 4.14 4.84 291 367 377 8 5.62 6.21 4.91 540 583 401 CCC 14.30 7.38 1,178 700 Fin 88 2.89 4.29 4.54 275 386 367 B 4.32 5.72 5.18 432 539 383 CCC 30.41 4.47 2.608 426 USD Non.Fin BB 4.95 6.05 7.06 394 424 470 8 7.