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com RATES Treasury Rates 3 month 6 month 1 year 2 year 3 year 5 year 7 year 10 year 30 year Swaps - Monthly Money* Maturity 1 year 2 year 3 year 5 year 10 year Tuesday, November 18th, 2013
1-month LIBOR Forward Curve

11/13

11/14

08/15

05/16

11/16

11/17

spot 0.20% 0.31% 0.58% 1.33% 2.62%

1-year 1.5-year 2-year forward forward forward n/a n/a n/a 0.42% 0.49% n/a 0.77% 0.90% 1.11% 1.63% 1.81% 2.04% 2.92% 3.09% 3.27%

*monthly money assumes monthly payments, 1-month LIBOR floating index, ACT/360 daycount conventions, interest-only, and modified following business day adjustments

Caps - Percentage of Notional* 1 year 2 year 3 year 4 year 5 year

1.00% 0.180% 0.280% 0.730% 2.050% 4.150%

2.00% 0.150% 0.220% 0.420% 1.220% 2.650%

3.00% 0.110% 0.170% 0.280% 0.800% 1.750%

4.00% 0.100% 0.120% 0.210% 0.560% 1.200%

*cap premiums represented as a percentage of the original notional amount; assumes monthly payments, 1-month LIBOR, interest only, and ACT/360

5.0% 4.0% 3.0% 2.0% 1.0% 0.0%

Cap Cost
1.00%

08/18
2.00% 3.00%
4.00%

02/14

05/14

08/14

02/15

05/15

11/15

02/16

08/16

02/17

05/17

08/17

02/18

1 year 2 year 3 year 4 year 5 year

MAJOR ECONOMIC RELEASES Time Tuesday 8:30AM 2:15PM 7:00PM 8:30AM 8:30AM 8:30AM 10:00AM 12:10PM 2:00PM 8:30AM 8:30AM 8:30AM 8:30AM 10:00AM 12:30PM 1:00PM 8:40AM 11:00AM

Report Employment Cost Index (exp. +0.5%, prev. +0.5%) Fed's Evans speaks to Illinois Bankers Fed's Bernanke speaks to Economists Club Retail Sales (exp. 0.0%, prev. -0.1%) CPI (exp. 0.0%, prev. +0.2%) CPI Core (exp. +0.1%, prev. +0.1%) Existing Home Sales (exp. -2.7%, prev. -1.9%) Fed's Bullard speaks on Economy and Monetary Policy Fed releases Minutes from October FOMC Meeting Initial Jobless Claims (exp. 335k, prev. 339k) Continuing Claims (exp. 2870k, prev. 2874k) PPI (exp. -0.2%, prev. -0.1%) PPI Core (exp. +0.1%, prev. +0.1%) Philadelphia Fed (exp. 16.0, prev. 19.8) Fed's Lacker speaks on Economy Fed's Bullard speaks on Monetary Policy Fed's George speaks on Banking Supervision Kansas City Fed Manufacturing Activity (exp. 6, prev. 6)

Wednesday

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Friday

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05/18

0.08% 0.10% 0.13% 0.28% 0.56% 1.32% 2.00% 2.67% 3.76%

4.0%

3.0%
2.0% 1.0% 0.0%