HOUSE OVERSIGHT 014311 24% 19% 14% 9% 4% I " 8 —------ cn (y) co 0 te) .6, co La. es.1 6 Fs.; 6. 8 co gg (r& cr) o 70 15% 60 50 10% 40 II 30 5% 20 10 0% -5% L.r2 :7- 0 -8 (.3 8 - •10% 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016 • Largest 4-clav %changes in 10yr UST yeelcIs since 1962 Change rneasixed n bps (ngtt) Source BofA Merrill Lynch Global Research. Based on daily data since 1962. Amanda Ens Director Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036 The power of global connections' Bankof America Merrill Lynch — 4-day rehrn of a 30fr UST futures mestrnent 14-Na -16 Source BofA Merrill Lynch Global Research This message, and any attachments, is for the intended recipient(s) only, may contain information that is privileged, confidential and/or proprietary and subject to important terms and conditions available at http://www.bankofamerica.com/emaildisclaimer. If you are not the intended recipient, please delete this message.