From: Barrett, Paul S Sent: Tuesday, October 9, 2012 2:34 PM To: Epstein, Jeffrey ([email protected]) Cc: Giuffrida, David J; Ens, Amanda Subject: Venezuela Hi Jeffrey =/o:p> Given that w= expected a Chavez win, I am a little surprised that the bonds are trading=down 3 points (around 4%). There has been some noise out of Argentina wh=re a local province repaid a coupon on a bond in ARS when it should =e in USD. So this is putting pressure on the region. <=span> I think this is an inter=sting level to buy the PDVSA 2017 bond. Currently yielding 12.20%. P=ssive play on oil. =span style="font-size:11.0ptfont-family:"Calibri","san=-serif"">Would do $1.5MM. Let me know Paul apan style="font-size:ll.Opt;font-family:"Calibri","sans=serif"'> <=:p> Paul Barrett, CFA</=:p> Managing Director<=p> Global Investment Opportunities Group=/span> JPMorgan Private Bank<=p> EFTA_R1_00077500 EFTA01767923