Markit Credit Research

19/04/2013

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

113.49 458.04 167.60 83.75 406.56 182.83 239.94 94.00 114.81

-0.50% -0.78% -0.13% -1.45% -1.13% 0.74% -0.85% -0.04% -0.60%

-0.57 -3.61 -0.21 -1.23 -4.64 1.34 -2.05 -0.04 -0.69

2.53 15.36 3.85 1.72 7.90 7.43 16.53 6.08 1.50

-5.49 -15.44 -6.68 -6.83

2.89 -15.08 -13.25 -5.69

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 Markit iTraxx SovX Asia Pacific Series 9

193.55 98.99 104.91

1.28% -1.97% 0.08%

2.45 -1.99 0.08

6.25 -1.83 2.43

0.46 -2.84 -1.67

82.81 114.34

0.01% -0.06%

0.01 -0.07

0.32 7.26

-2.92 -7.13

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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 Europe ABS Index EUR Markit iBoxx RMBS Index EUR Markit iBoxx GEMX USD

238.25 218.76 219.82 195.80 195.30 262.95 172.97 250.08 110.21 109.40 140.31

158.02 54.30 437.13 87.53 90.40 46.14

1.33% 0.86% 2.88% 1.69% 1.79% 2.26% 1.50% 0.01% 0.26% 0.14% 2.71%

-0.07% -0.06% 0.03% -0.02% 0.00% -0.03% 0.18% 0.00% -0.04% -0.04% 0.12%

Markit Structured Finance Indices

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

Markit ABX.HE.PENAAA.07-2 Markit PRIMEX.FRM.2 Markit CMBX.NA.BB.4 Markit MBX.FN30.650.67 Markit IOS.FN30.650.67

60.25 103.58 4.83 112.52 14.53

0.26% 0.06% -1.79% -0.22% -2.11%

0.16 0.06 -0.09 -0.25 -0.31

0.15 0.02 -0.02 -0.41 -0.67

0.92 0.16 -0.02 -0.56 -1.3

Sovereign Credit Improvement

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

KOREA VENZ MALAYS ISRAEL LITHUN

Rep Korea Rep Venezuela Malaysia St Israel Rep Lithuania

75 783 82 117 114

-3.5% -3.4% -1.8% -1.4% -1.4%

-3 -27 -2 -2 -2

-6 84 -1 1 -1

2 70 -2 -4 -4

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Markit Credit Research

Sovereign Credit Deterioration

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

UKRAIN CHILE AUSTLA HUNGAA SOAF

Ukraine Rep of Chile Comwlth Aust Hungary Rep South Africa

634 69 41 332 176

3.8% 2.7% 1.3% 1.3% 1.3%

23 2 1 4 2

77 8 2 29 24

64 5 1 -37 -2

G7 Industrialised Countries CDS

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

ITALY DBR USGB UKIN

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

271 34 33 45 68 78

0.4% 0.3% 0.0% 0.0% -0.3% -0.9%

1 0

0 0 0 0

-11 -2

0 -3 0

JAPAN Japan FRTR French Rep

0 -1

-2 3

Corporate Credit Improvement

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

RSH CNP AMD

RadioShack Corp Centerpoint Engy Inc Advanced Micro Devices Inc Centerpoint Engy Res Corp Time Warner Entmt Co LP

1340 65 791

-6.5% -5.9% -5.6%

-93 -4 -47

-118 -8 -14

-60 -16 -16

CNP-EnRes TWTimeWarnEnt

69 53

-4.8% -4.0%

-3 -2

-4 -1

-14 -4

19/04/2013

Markit Credit Research

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

SANTNDR Bco SANTANDER SA RDSPLC BBVSM ROYAL DUTCH SHELL PLC Bco Bilbao Vizcaya Argentaria S A HeidelbergCement AG

274 51 295

-3.6% -2.8% -2.7%

-10 -1 -8

3 -2 2

-9 -2 -11

HEI

197 135

-2.6% -2.6%

-5 -4

6 -6

-14 0

ITV-Carlton CARLTON Comms Ltd

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

SUZUKI C-JHC

SUZUKI Mtr Corp Citigroup Japan Hldgs Corp

43 98 29 52 70

-7.8% -6.4% -5.5% -4.9% -4.9%

-4 -7 -2 -3 -4

-6 -6 -1 -2 -4

-8 -28 -2 -8 -3

BSTONE Bridgestone Corp TAKASH Takashimaya Co Ltd SOTHI Sotetsu Hldgs Inc

Corporate Credit Deterioration

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

IBM ARW HPQ AVT

Intl Business Machs Corp Arrow Electrs Inc Hewlett Packard Co Avnet, Inc.

29 143 217 163 348

16.6% 12.4% 8.2% 7.0% 6.3%

4 16 16 11 21

3 20 35 17 14

-1 3 22 -2 -15

DELLN Dell Inc

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Markit Credit Research

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

ALPHBK

ALPHA Bk AE

1112 194 169 427 634

3.0% 2.2% 1.8% 1.5% 1.4%

32 4 3 6 9

-27 0 24 48 17

3 -6 16 60 -42

LAGARD Lagardere Societes XSTR ARMLL MEHI Xstrata Plc ArcelorMittal MELIA HOTELS Intl SA

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

SOFTBK JFEHLD TOBRAI JFEHLD-JFE PC

Softbank Corp JFE Hldgs Inc Tobu Rwy Co Ltd JFE Stl Corp Panasonic Corp

161 135 73 128 142

9.4% 9.1% 8.3% 7.2% 6.8%

14 11 6 9 9

26 21 8 20 17

4 32 1 28 35

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

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19/04/2013