Markit Credit Research

22/04/2013

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

111.05 450.10 167.00 82.08 400.22 182.73 237.22 91.96 112.90

-2.15% -1.73% -0.36% -1.99% -1.56% -0.05% -1.13% -2.17% -1.66%

-2.44 -7.94 -0.60 -1.67 -6.34 -0.10 -2.72 -2.04 -1.91

-0.52 2.14 3.10 -3.26 -14.48 3.25 9.77 1.57 -1.91

-11.26 -30.73 -9.46 -9.05

-7.36 -18.87 -15.81 -4.05

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

193.09 98.03 103.33

-0.24% -0.97% -1.50%

-0.46 -0.96 -1.58

3.81 -3.71 -0.34

-2.91 -3.47 -3.22

81.30 113.21

-1.82% -0.99%

-1.51 -1.13

-1.42 2.91

-5.81 -7.17

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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

238.52 218.90 220.12 196.42 196.08 263.44 172.74 251.51 110.28 109.47 140.31

157.10 53.86 435.78 85.68 88.11 45.36

1.44% 0.93% 3.02% 2.02% 2.20% 2.45% 1.37% 0.58% 0.32% 0.21% 2.71%

0.11% 0.06% 0.13% 0.32% 0.40% 0.19% -0.13% 0.57% 0.06% 0.07% 0.00%

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.1 Markit CMBX.NA.BBB-.6 Markit MBX.FN30.650.67 Markit IOS.FN30.650.67

59.65 110.63 96.99 112.27 14.41

-1% 0.04% 0.59% -0.22% -0.86%

-0.6 0.04 0.57 -0.25 -0.13

-0.38 0.03 1.15 -0.66 -0.59

0.02 0.07 3.33 -0.86 -1.42

Sovereign Credit Improvement

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

SLOVEN ITALY PORTUG CROATI HUNGAA

Rep Slovenia Rep Italy Rep Portugal Rep Croatia Hungary

327 262 387 313 323

-4.5% -3.3% -3.3% -2.9% -2.6%

-15 -9 -13 -9 -8

-43 -10 -27 2 16

33 -26 -6 -6 -43

22/04/2013

Markit Credit Research

Sovereign Credit Deterioration

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

NORWAY Kdom Norway ARGENT Argentine Rep LITHUN DBR UKIN Rep Lithuania Fed Rep Germany Utd Kdom Gt Britn & Nthn Irlnd

19 2102 115 35 45

2.9% 2.4% 1.0% 0.7% 0.7%

1 50 1 0 0

0 35 -1 1 0

-2 -856 -2 -2 0

G7 Industrialised Countries CDS

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

DBR UKIN USGB

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

35 45 33 67 76 262

0.7% 0.7% 0.5% -0.5% -1.8% -3.3%

0 0 0 0 -1 -9

1 0 0 -2 1 -10

-2 0

JAPAN Japan FRTR ITALY French Rep Rep Italy

-3 -3 -26

Corporate Credit Improvement

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

CNP IBM WEC CNP-EnRes

Centerpoint Engy Inc Intl Business Machs Corp WI Engy Corp Centerpoint Engy Res Corp

61 27 44 65 62

-6.1% -6.0% -5.9% -5.7% -3.9%

-4 -2 -3 -4 -3

-12 2 -3 -9 1

-20 -3 -4 -18 3

CVRD-VALECA Vale Canada Ltd

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Markit Credit Research

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

CODSA-Fin CODERE Fin LUXEMBOURG SA ESPSAN BCPN ASSGEN AAUK Bco Espirito Santo S A Bco Comercial Portugues SA Assicurazioni Generali S p A Anglo Amern plc

1542 500 540 287 169

-5.2% -5.1% -4.5% -4.5% -4.5%

-84 -27 -25 -13 -8

-68 -38 -27 -11 4

-316 31 42 -17 4

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

SUMIEL Sumitomo Elec Inds Ltd SUZUKI SUZUKI Mtr Corp

42 39 68 47 274

-13.1% -7.8% -7.1% -4.7% -4.0%

-6 -3 -5 -2 -11

0 -9 3 0 -1

-1 -12 -5 -6 -1

TOBRAI Tobu Rwy Co Ltd TEIJIN POINEL Teijin Ltd Pioneer Corp

Corporate Credit Deterioration

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

EFHC TE MONDINT GR

Energy Future Hldgs Corp TECO Engy Inc Mondelez Intl Inc Goodrich Corp

1081 55 37 13 361

7.7% 4.2% 3.7% 2.5% 2.3%

77 2 1 0 8

36 2 3 0 26

5 0 -2 -1 77

DISHN-DDBSC DISH DBS Corp

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Markit Credit Research

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

SSEP INGHL LBW MANSE

SSE PLC INEOS GROUP Hldgs Ltd Landbk Baden Wuertbg MAN SE

132 151 79 111 28

1.3% 1.1% 1.0% 0.7% 0.6%

2 2 1 1 0

2 9 1 1 -1 -27 4 2 -1

NOVART Novartis AG

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

KAWHI SOTHI KUB

Kawasaki Heavy Inds Ltd Sotetsu Hldgs Inc Kubota Corp

116 74 26 54 42

13.2% 5.8% 5.2% 4.3% 4.0%

13 4 1 2 2

14 0 1 2 0

20 -2 1 -5 -2

YAMAHA YAMAHA Mtr CO LTD ASAGLA Asahi Glass Co Ltd

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

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22/04/2013