Spreadsheet: rick_buy__32766__Sovereign Bonds_310801
Sheet: Bond Prices - Developed

 |  | 2001-08-31 00:00:00 | Developed
 |  | 10 year benchmark spreads
 |  |  |  |  |  | LOCAL CURRENCY | SWAPPED INTO US$
 |  | Country | E-rating | Moody's | S&P | Yield | Yield | Sprd v UST (basis points)
 |  | Euro-10
RAGB | 01/10 5.50 | Austria | 1 | Aaa | AAA | 4.94 | 5.37
BGB | 09/10 5.75 | Belgium | 1 | Aa1 | AA+ | 5.03 | 5.43
RFGB | 02/11 5.75 | Finland | 1 | Aaa | AA | 4.99 | 5.38
FRTR | 10/10 5.50 | France | 1 | Aaa | AAA | 4.87 | 5.27
DBR | 01/11 5.25 | Germany | 1 | Aaa | AAA | 4.75 | 5.14
IRISH | 04/10 4.00 | Ireland | 1 | Aaa | AA+ | 4.94 | 5.35
BTPS | 11/10 5.50 | Italy | 2 | Aa3 | AA | 5.08 | 5.4
NETHER | 07/10 5.50 | Netherlands | 1 | Aaa | AAA | 4.88 | 5.28
PGB | 05/10 5.85 | Portugal | 2 | Aaa | AA | 5.03 | 5.44
SPGB | 07/11 5.40 | Spain | 1 | Aa2 | AA+ | 5.07 | 5.44
 |  | Scandinavia
DGB | 11/09 6.00 | Denmark | 1 | Aaa | AA+ | 4.97 | 5.21
NGB | 05/09 5.50 | Norway | 1 | Aaa | AAA | 6.41 | 5.27
SGB | 03/11 5.25 | Sweden | 1 | Aa1 | AA+ | 5.11 | 5.14
 |  | Other
JGB | 12/10 1.80 | Japan | 1 | Aa1 | AAA | 1.28 | 5.86
SWISS | 08/10 3.50 | Switzerland | 1 | Aaa | AAA | 3.2 | 4
UKT | 12/09 5.75 | United Kingdom | 1 | Aaa | AAA | 4.94 | 4.62
T | 02/11 5.00 | United States | 1 | Aaa | AAA | 4.9 | 4.9
GGB | 05/10 6.00 | Greece | 3 | A2 | BBB | 5.17 | 5.59
 |  | US Treasury Curve
 |  |  |  |  |  |  | Current Yield
 |  | 6 mo |  |  |  | 3.4 | 3.29
 |  | 1 year
 |  | 2 year |  |  |  | 3.72 | 3.63
 |  | 3 Year
 |  | 4 Year
 |  | 5 year |  |  |  | 4.54 | 4.36
 |  | 6 year
 |  | 7 year
 |  | 8 year
 |  | 9 year
 |  | 10 year |  |  |  | 5.01 | 4.83
 |  | 15 year
 |  | 30 year |  |  |  | 5.53 | 5.37
 |  |  |  | US Libor Curve
 |  |  |  |  | Spread over US-T (Bps) |  | Current Yield
 |  | 1 year |  |  |  | 3.69 | 3.58
 |  | 2 year |  |  |  | 4.27 | 4.13
 |  | 3 Year |  |  |  | 4.73 | 4.6
 |  | 4 Year |  |  |  | 5.03 | 4.91
 |  | 5 year |  |  |  | 5.24 | 5.13
 |  | 6 year |  |  |  | 5.4 | 5.29
 |  | 7 year |  |  |  | 5.53 | 5.41
 |  | 8 year |  |  |  | 5.62 | 5.5
 |  | 9 year |  |  |  | 5.69 | 5.58
 |  | 10 year |  |  |  | 5.76 | 5.65
 |  | 15 year |  |  |  | 6.01 | 5.89
 |  | 30 year |  |  |  | 6.14 | 6.03
 |  | Source: Bloomberg
 |  |  |  | EURO Curves
 |  |  |  |  |  |  | Current Yield
 |  | 1 year |  |  |  | 4.01 | 4.01
 |  | 2 year |  |  |  | 4.05 | 3.93
 |  | 3 Year |  |  |  | 4.13 | 3.99
 |  | 4 Year |  |  |  | 4.29 | 4.15
 |  | 5 year |  |  |  | 4.33 | 4.17
 |  | 10 year |  |  |  | 4.85 | 4.78
 |  | 30 year |  |  |  | 5.44 | 5.42
 |  | Source: Bloomberg
 |  |  |  | UK [NAME]
 |  |  |  |  |  |  | Current Yield
 |  | 1 year |  |  |  | 4.83 | 4.69
 |  | 2 year |  |  |  | 4.99 | 4.83
 |  | 3 Year |  |  |  | 4.99 | 4.86
 |  | 4 Year |  |  |  | 5.08 | 4.97
 |  | 5 year |  |  |  | 5.07 | 4.98
 |  | 10 year |  |  |  | 4.87 | 4.86
 |  | 30 year |  |  |  | 4.5 | 4.55
 |  | Source: Bloomberg
 |  |  |  | Enrons All in Rate Cost of Funds $
 |  |  |  |  |  |  | Current Yield
 |  | 1 year |  |  |  | 4.326 | 4.326
 |  | 2 Year |  |  |  | 5.418 | 5.368
 |  | 5 year |  |  |  | 6.426 | 6.384
 |  | 10 year |  |  |  | 7.071 | 7.025
 |  | 30 year |  |  |  | 7.805 | 7.753