EFTA01171349Set 9
8p5,883w
risk. lnhn hInrm.nrl
• Fixed Income — We hold Treasury shorts, and add a short in 2yr Germany.
• Equities — Focus risk on country trades: long EM vs. DM, long BRICs vs Nikolaos ... Treasuries, ahead of long end supply next 130
week, and add a short in 2yr Germany, with yields at the bottom of their recent 55
range.
50 110
45
Equities
https://www.justice.gov/epstein/files/DataSet%209/EFTA01171349.pdf