Subject: Re: Higher rates in Europe - timely [C] From: Stewart Oldfield Date: Wed, 29 Apr 2015 13:52:12 -0400 To: Paul Morris ‹ > Classification: Confidential Twtr down another 6.5pct. Stewart Oldfield, CFA, CAIA Director Deutsche Bank Trust Company Americas Deutsche Asset & Wealth Management 345 Park Avenue, New York, NY 10154 Tel: 212 454-2881 Mobile: 917 209-0686 blackberry Email: Securities offered through Deutsche Bank Securities Inc. From: Paul Morris Sent: Wednesday, April 29, 2015 10:48 AM To: Stewart Oldfield Subject: Fw: Higher rates in Europe - timely [C] Classification: Confidential From: Daniel Sabba Sent: Wednesday, April 29, 2015 08:56 AM To: jeffrey E. <[email protected]> Cc: Paul Morris; Vahe Stepanian; Ariane Dwyer; Richard Kahn Subject: Higher rates in Europe - timely [C] Classification: Confidential This is timely given this morning's moves... EUR swap rates are up dramatically and markets are fluid - the pricing below is as of last night's close. Trade Rationale: Yields in the Eurozone have fallen since the start of 2014, and the commencement of the ECB's 1.1 trillion EUR quantitative easing program EFTA01421855