Markit Credit Research

16/04/2013

News & Commentary

Credit
Biggest Credit Movers Markit iTraxx and CDX
Index Spread Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

Markit iTraxx Europe Series 19 Markit iTraxx Europe Crossover Series 19 Markit iTraxx Europe HiVol Series 19 Markit CDX.NA.IG.20 Markit CDX.NA.HY.20 Markit CDX.NA.IG.HVOL.20 Markit CDX.EM.19 Markit iTraxx Japan Series Number 19 Markit iTraxx Asia ex-Japan IG Series Number 19

111.34 445.97 163.84 82.12 399.24 177.81 233.09 92.21 115.50

-0.21% -0.44% -0.04% -3.77% -3.73% -0.93% 2.48% 2.01% 0.60%

-0.23 -1.99 -0.06 -3.22 -15.46 -1.67 5.64 1.82 0.69

-3.66 -24.27 -6.58 -2.67 -13.82 -5.01 -4.32 0.13 -1.88

11.34

63.84

Markit iTraxx SovX

Index Spread Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

Markit iTraxx SovX CEEMEA Series 9 Markit iTraxx SovX Western Europe Series 8 Markit iTraxx SovX Global Liquid Investment Grade Series 9 Markit iTraxx SovX G7 Series 9 Markit iTraxx SovX BRIC Series 9

186.07 100.76 103.65

-1.70% -0.96% -0.03%

-3.21 -0.98 -0.03

-3.98 -1.39 -1.62 -2.02

81.83 110.31

-1.07% 0.01%

-0.88 0.01

-1.70 -1.85

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Markit iBoxx
Index Current Index Value Asset Swap Margin Return YTD Daily Return

Markit iBoxx USD Liquid Investment Grade Index Markit iBoxx USD Overall Markit iBoxx USD Liquid High Yield Index Markit iBoxx EUR Overall Markit iBoxx EUR Sovereigns Markit iBoxx GBP Overall Markit iBoxx Asia Markit iBoxx Global Inflation-Linked Index All USD Markit iBoxx GEMX USD

237.92 218.57 219.85 195.44 194.84 261.73 172.44 251.86 140.42

156.95 53.74 435.20 87.63 90.59 48.65

1.18% 0.78% 2.89% 1.50% 1.55% 1.79% 1.19% 0.72% 2.79%

-0.14% -0.17% -0.04% -0.03% -0.01% -0.08% 0.18% 0.21% 0.65%

Markit Structured Finance Indices

Name Price Daily Chg (%) Daily Chg (Price) Weekly Chg (Price) Monthly Chg (Price)

Markit ABX.HE.AA.06-1 Markit PRIMEX.ARM.2 Markit CMBX.NA.AA.1

71.40 103.33 80.22

145.00% 5.00% 65.00%

1.02 0.05 0.52

1.46 0.03 1.08

2.21 0.20 1.76

Sovereign Credit Improvement

Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

PORTUG JAPAN CROATI ITALY ESTONI

Rep Portugal Japan Rep Croatia Rep Italy Rep Estonia

398 68 306 267 60

-3.8% -2.5% -1.9% -1.7% -1.6%

-16 -2 -6 -5 -1

-26 -5 -4 -8 -2

-2 1 -4 -29 -1

16/04/2013

Markit Credit Research

Sovereign Credit Deterioration

Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

VENZ SOAF CHINA UKRAIN SAUDI

Rep Venezuela Rep South Africa Peoples Rep China Ukraine Kdom Saudi Arabia

835 164 71 578 63

14.6% 2.9% 2.6% 2.4% 2.3%

107 5 2 14 1

137 3 1 17 -1

139 -8 10 25 -2

G7 Industrialised Countries CDS

Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

FRTR DBR UKIN USGB ITALY

French Rep Fed Rep Germany Utd Kdom Gt Britn & Nthn Irlnd Utd Sts Amer Rep Italy

76 34 45 33 267 68

0.6% 0.3% 0.0% -0.7% -1.7% -2.5%

0 0

2 0 0

5 -1 0 0 -29 1

0 -5 -2

-1 -8 -5

JAPAN Japan

Corporate Credit Improvement

North America

Ticker

Name

5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

EFHC DEUSAA CLINKI LITLC

Energy Future Hldgs Corp DE US Inc CenturyLink Inc Liberty Interactive LLC

952 143 235 189 33

-8.9% -5.7% -5.2% -4.8% -4.7%

-93 -9 -13 -9 -2

-156 -13 -41 -25 -5

-92 54 -34 -28 -3

COX-CommInc Cox Comms Inc

16/04/2013

Markit Credit Research

Europe
Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

SWREL INTSAT MUNRE LAGARD ALPHBK

Swiss Reins Co Ltd Intelsat SA Munich Re Lagardere Societes ALPHA Bk AE

100 139 73 189 1083

-3.4% -2.9% -2.8% -2.5% -2.3%

-4 -4 -2 -5 -26

-4 -5 -2 -9 -20

-9 -21 -8 -16 -42

Asia
Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

KAO STSP NANKAI

Kao Corp. Singapore Telecom Ltd Nankai Elec Rwy Co Ltd

23 47 79 341 44

-13.6% -4.1% -3.1% -2.6% -2.5%

-4 -2 -3 -9 -1

-4 -4 -2 -9 -2

-1 1 -6 -16 2

TOKYELE Tokyo Elec Pwr CoInc MITHI Mitsubishi Heavy Inds Ltd

Corporate Credit Deterioration

North America
Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

PGN CMCSACableLLC DUKECO PKD NEM-USALtd

Progress Engy Inc Comcast Cable Comms LLC Duke Energy Carolinas LLC Parker Drilling Co Newmont USA Ltd

17 26

9.3% 5.1%

1 1

0 1

0 2

19 409 158

3.5% 3.0% 2.6%

1 12 4

-2 -16 28

-4 11 40

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Markit Credit Research

Europe
Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

HSBC XSTR RIOLN ELESM GLCORE

HSBC Hldgs plc Xstrata Plc Rio Tinto plc Endesa S A Glencore Intl AG

113 160 107 107 186

5.3% 5.2% 4.8% 4.4% 4.0%

6 8 5 4 7

4 5 -1 2 11

12 16 14 10 12

Asia
Ticker Name 5Y Today Daily Chg (%) Daily Chg (bps) Weekly Chg (bps) Monthly Chg (bps)

SUMIEL

Sumitomo Elec Inds Ltd

50 80 117 31 188

17.4% 14.7% 10.6% 5.4% 5.0%

7 10 11 2 9

6 1 6 1 5

8 16 11 0 7

CHITEL-CML China Mobile Ltd CCBC WJRAIL ANAIR China Constr Bk Corp West Japan Rwy Co ALL NIPPON Awys CO LTD

This also includes states, municipalities, supranational and other government, but non-sovereign, entities.

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16/04/2013