Epstein Files Search

EFTA01071219Set 9

2015-10-0661p10,160w

DBLLX) -3.39% -0.82% -1.93% 0.58% N-share (DELNX) -3.45% -0.90% -2.06% 0.42% JP Morgan CEMBI Broad Div. Maturity 1-3 -1.12% 2.82% 1.65% 1.74% Year s of September ... avoid duplicate charge of the investment advisory fees to the investors. JP Morgan CEMBI Broad Diversified 1-3 Year is a market capitalization weighted index consisting of 1-3 year ... Source: DoubleLine, Bloomberg, JPM as of 09/30/2010 to 09/30/2015 JCBDCOMP Index = JPM CEMBI Diversified Broad Composite Blended Spread. Please see appendix for definition. Past performance is no guarantee of future

https://www.justice.gov/epstein/files/DataSet%209/EFTA01071219.pdf

EFTA01089722Set 9

2012-06-2944p20,625w

document. EFTA01089749 Emerging market bonds Preference: overweight EMBI Global / CEMBI spread (27 June): 388bps 430bps (last month: 410bps / 440bps) Recommendations UBS View EMBI Global I CEMBI spread target (6-month

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089722.pdf

EFTA01177347Set 9

8p5,984w

recent dynamic. EM sovereigns (EMBIG) widened 21bp this week while EM $ corporates (CEMBI) are only 12bp wider. This is likely as the former is more liquid than the latter. CEMBI ... 100bp higher during the financial crisis. We thus advise a long EMBIG vs CEMBI as a hedge against further financial turmoil that is relatively cheap to hold (see Jonny Goulden ... EMBI Global 3.7% EM Corporates (bp vs. UST) 454 JPM EM Corporates (CEMBI) 52% Quarterly Averages Commodities Current 1202 1203 1204 1301 GSCI Index YTD Return' Brent (Sten

https://www.justice.gov/epstein/files/DataSet%209/EFTA01177347.pdf

EFTA01123906Set 9

8p5,938w

into YE. We turn neutral on US HG and close our OW EMBIG vs. CEMBI. (44.20) 7777.1830 • Foreign exchange — Sell FX vol to position for reduced financial stress. • Commodities— Brent ... 50bp relative to 33bp. For tactical reasons, we close the OW EMBIG .2% vs. CEMBI in our GMOS portfolio. Whilst down on the week, it has returned ... EMBI Global 5.2% EM Corporates (bp vs. UST) 457 JPM EM Corporates (CEMBI) 1.1% Quarterly Averages Commodities Current 1104 1201 1202 1203 GSCI Index YTD Return' Brent

https://www.justice.gov/epstein/files/DataSet%209/EFTA01123906.pdf

EFTA01981552Set 10

2014-07-116p2,893w

importing countries. The oil & gas sector accounts for 18.4% of the CEMBI Broad, but not all of the issuers in the sector are beneficiaries of higher oil prices. Only about ... CEMBI Broad is made up of issuers in countries that EFTA_R1_00470156 EFTA01981554 are net oil exporters and where the economy would benefit from higher oil prices

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01981552.pdf

EFTA01981558Set 10

2014-07-118p6,835w

importing countries. The oil & gas sector et at accounts for 18.4% of the CEMBI Broad, but not all of the issuers in the EM Corporate Weekly Monitor, Yang-Myung Hong ... sector arc beneficiaries of higher oil prices. Only about 22% of the CEMBI High Yiefd Credit Markets Weekly. Peter Acciavatti el at Broad is made up of issuers in countries

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01981558.pdf

EFTA00598496Set 9

2013-01-048p6,246w

exit from QE large-scale asset purchases in terms of calendar guidance, CEMBI 7.0 16.7 instead of the economic objectives that they told us they were moving to. The EMBIG ... Global 18.5% EM Corporates (bp vs. UST) 319 JPM EM Corporates (CEMBI) 16.1% Quarterly Averages Commodities Current 1301 1302 1303 1304 GSCI Index 2012 Return' BreM(S/R4

https://www.justice.gov/epstein/files/DataSet%209/EFTA00598496.pdf

EFTA01146788Set 9

2012-08-318p6,176w

higher echelons of ow YTD performance parade (p.1), EMBIG yields fell to 4.7%, CEMBI to 5.1% and US HY now offers a yield of just 6.7% vs a decade long ... USTI 0 EMBI Global 13.0% EM Corporates (bp vs. UST) 381 JPM EM Corporates (CEMBI) 11.4% Cwarterty Averages Commodities Current 1203 1204 1301 1302 GSCI Index YTD Return' Brent (Slbbl

https://www.justice.gov/epstein/files/DataSet%209/EFTA01146788.pdf

EFTA01089619Set 9

2013-04-2546p24,794w

UBS CIO WM Global Investment Office CIO monthly video For smartphone users: scan the code

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089619.pdf

EFTA01146217Set 9

2012-10-268p6,030w

targets for EMBIG to 250bp, down from 275bp, and to 300bp for CEMBI, down from 325bp. Foreign Exchange • For the first time in several quarters, stocks are falling ... EhIBI Global 16.1% EM Corporates (bp vs. UST) 321 JPM EM Corporates (CEMBI) 15.2% Quarterly Averages Commodities Current 1204 1301 13Q2 1303 GSCI Index YTD Return' Brent (Sabi

https://www.justice.gov/epstein/files/DataSet%209/EFTA01146217.pdf

EFTA01149274Set 9

8p5,905w

facilitate a rally medium-term. 0% ■ • EMBIG spreads widened Ilbp to 380bp and CEMBI spreads widened 6bp to 425bp. We maintain that EM will outperform DM given strong economic ... EMBI Global 8.1% EM Corporates (29 vs. UST) 414 JPM EM Corporates (CEMBI) 4.8% Quarterly Averages Commodities Current 1103 1104 1201 1202 GSCI Index YTD Return' Brent

https://www.justice.gov/epstein/files/DataSet%209/EFTA01149274.pdf

EFTA01149242Set 9

8p5,954w

fiscal improvement On the week, -6% EMBIG spreads were 72bp wider at 457bp and CEMBI spreads were 61bp wider at 496bp. -8% USD EUR GBP JPY CHF CAD AUD Foreign ... EMBI Global 4.3% EM Corporates (bp vs. UST) 499 JPM EM Corporates (CEMBI) 0.6% Quarterly Averages Commodities Current 1103 1104 1201 1202 GSCI Index YTD Return' Brent

https://www.justice.gov/epstein/files/DataSet%209/EFTA01149242.pdf

EFTA01170207Set 9

8p5,847w

Emergingmarket external debt finished the week wider, although EMBIG has tightened 78bp and CEMBI 99bp since the recent wides. The results of our EM Corporate Outlook and Strategy. Warren ... Jonny Goulden et al, Sovereign External Debt Investor Survey, Oct 20). Within the CEMBI, the strongest gains tign Yiekl Credit Markets Weekly, Peter Acciavani et al. have come from companies

https://www.justice.gov/epstein/files/DataSet%209/EFTA01170207.pdf

EFTA01146946Set 9

2012-08-038p5,946w

USTI 323 EMBI Global 12.1% EM Corporates (bp vs. UST) 392 JPM EM Corporates (CEMBI) 10.5% Quarterty Averages Commodities Current 1203 1204 1301 1302 GSCI Index YID Return' Brent ($ibbI

https://www.justice.gov/epstein/files/DataSet%209/EFTA01146946.pdf

EFTA01170770Set 9

8p5,884w

EMBI Global 7.9% EM Corporates (bp vs. UST) 404 JPM EM Corporates (CEMBI) 3.9% Quarterly Avenges Commodities Current 1104 1201 1202 1203 GSCI Index YTD Return' Brent ($/bbff

https://www.justice.gov/epstein/files/DataSet%209/EFTA01170770.pdf

EFTA01172027Set 9

8p6,086w

EMBI Global 7.4% EM Corporates (bp vs. UST) 457 JPM EM Corporates (CEMBI) 2.6% Ouarterly Averages Commodities Current 1201 1202 1203 1204 GSCI Index YTD Return' Brent

https://www.justice.gov/epstein/files/DataSet%209/EFTA01172027.pdf

EFTA01176904Set 9

8p5,973w

Global 4.4% EM Corporates (bp vs. UST) 432 JPM EM Corporates (CEMBI) 5.6% Quarterly Avenges Commodities Current 1202 1203 12Q4 1301 GSCI Index no Return' Brent

https://www.justice.gov/epstein/files/DataSet%209/EFTA01176904.pdf

EFTA01171763Set 9

8p5,793w

EMBI Global 7.6% EM Corporates (bp vs. UST) 454 JPM EM Corporates (CEMBI) 3.6% Ounterly Averages Commodities Current 1104 1201 1202 1203 GSC1Index YTD Return' Brent (Sbbl

https://www.justice.gov/epstein/files/DataSet%209/EFTA01171763.pdf

EFTA01146380Set 9

2012-10-128p6,029w

Global 15.7% EM Corporates (bp vs. UST) 340 JPM EM Corporates (CEMBI) 14.7% Quarterly Averages Commoditles Current 1204 1301 1302 1303 GSCI Index YTD Return' Brent (Sibbl

https://www.justice.gov/epstein/files/DataSet%209/EFTA01146380.pdf

EFTA01181150Set 9

2012-09-078p5,854w

EMBI Global 13.8% EM Corporates (bp vs. UST) 371 JPM EM Corporates (CEMBI) 11.9% Ouarterty Averages Commodities Current 1203 1204 1301 1302 GSCI Index YTD Return' Brent (SibbI

https://www.justice.gov/epstein/files/DataSet%209/EFTA01181150.pdf