° 60 © 19% 50 10% 40 14% 30 5% 9% 20 os 0% 0 af a SExrLE= - cS Sb2b ts SS8288 10% n?eSesaz 1980 1984 1988 1992 1996 2000 2004 2008 2012 2016
® Largest 4-day % changes in 10yr UST yields since 1962 @ Change measured in bps (nght)
Source: BofA Merrill Lynch Global Research. Based on daily data since 1962.
—— 4-day return of a 30yr UST futures investment ee 14-Nov-16
Source: BofA Merrill Lynch Global Research
Amanda Ens
Director
Bank of America Merrill Lynch Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park, 5th Floor, New York, NY 10036
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