Subject: RE: Fwd: DB: Forei n demand for US credit weakening [I] From: Martin Zeman Date: Fri, 02 Mar 2018 08:50:29 -0500 To: Torsten Slok Xavier Avila Stewart Oldfield Joshua Shoshan Davide-A Sferrazza Cc: Jennifer Francis Classification: For internal use only Torsten, Thanks for accepting today's call with Paul on such short notice. Paul Barrett is Stewart Oldfield's client and manages money for a few families. We have been discussing the below charts of yours and Paul discussed with us buying payer spreads on CDX IG. I guess he'd like to have a bit more in depth call with you around the flows as Europe and Japan pull back from QE and what that means to assets in the US. Thanks again and see you at 11 on the call. Martin fcid:[email protected]{cid:[email protected]} From: Torsten Slok Sent: Thursday, March 01, 2018 8:03 PM To: Martin Zeman ; Xavier Avila < >• Stewart Oldfield Cc: Jennifer Francis Subject: RE: Fwd: DB: Foreign demand for US credit weakening EFTA01437025