From: Jeevacation <jeevacation®gmail.com> To: Jeffrey M Matusow < Subject: Re: Update Date: Thu, 20 May 2010 13:29:40 +0000 Ok to both Sent from my iPhone On May 20, 2010, at 9:08 AM, Jeffrey M Matusow < Jeffrey, Risk is off again this morning - Europe stock mkts down 2% and US futures down simiilarly. > wrote: Like yesterday, the Euro is holding up - 1.2350 while the rest of risk assets sell off. GBP testing the lows of the move around 1.4250. The dividends are trading off 3 points at 88. Swap rates also lower as money moves into USD and Treasuries - tomm we will roll one of the swaption positions which is expiring. Your AUD/CAD position continues to run - 5% move since Apr 28th. I think we should take profit. Ford has 1 year bonds paying Libor + 5.25% which have traded down from 102.50 to par. With Libor rising, let's buy some for a 6% yield for one year. The $5MM Ford we own matures in 9 months. Let me know on Ford and Aud/Cad. Jeff Jeffrey M. Matusow JPMoroan Private Bank 140 West 57th Street, 33rd Floor, New York, NY 10019 mail IRS Circular 230 Disclosure: EFTA00690054