Markit Credit Research

27/03/2013

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

128.42 491.29 184.00 92.49 434.23 189.61 266.72 108.86 117.50

4.30% 1.91% 4.34% 2.30% 0.00% 1.99% 2.91% -1.19% -1.26%

5.30 9.22 7.66 2.08

9.94 13.89 13.55 3.06

3.70 7.53 -1.31 -1.50

12.70 22.58

-2.89

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 9 104.71 113.55 1.95% 5.03% 2.00 5.44 2.81 9.60 -0.88

90.58 124.46

3.86% 2.79%

3.37 3.38

4.99 5.72

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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

233.99 216.64 218.33 193.56 192.52 260.34 170.84 246.69 110.67 109.96 136.71

159.90 53.99 435.66 92.93 96.82 47.89

-0.48% -0.11% 2.18% 0.53% 0.34% 1.25% 0.25% -1.35% 0.01 0.66% 0.07%

0.24% 0.18% 0.06% -0.05% -0.09% 0.36% -0.06% -0.03% 0.00 -0.43% -0.05%

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.ARM.2 Markit CMBX.NA.BB.6 Markit MBX.FN30.300.12 Markit IOS.FN30.600.08

59.23 103.25 92.81 103.14 14.02

-109.00% 4.00% -65.00% 20.00% -143.00%

-0.65 0.04 -0.61 0.20 -0.20

-0.03 0.12 -1.27 0.22 -0.23

3.29 1.44 0.45 -0.05 0.41

Sovereign Credit Improvement

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

NZ PHILIP NORWAY MALAYS VIETNM

New Zld Rep Philippines Kdom Norway Malaysia Socialist Rep Vietnam

41 105 21 85 215

-5.3% -2.2% -1.6% -1.3% -1.1%

-2 -2 0 -1 -2

-1 0 1 0 1

-4 3 0 4 3

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Sovereign Credit Deterioration

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

SLOVEN CYPRUS POLAND ITALY KAZAKS

Rep Slovenia Rep Cyprus Rep Poland Rep Italy Rep Kazakhstan

401 983 97 305 171

23.2% 9.1% 7.9% 6.5% 4.9%

75 82 7 19 8

149 105 9 17 12

136 159 1 17 10

G7 Industrialised Countries CDS

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

ITALY FRTR DBR USGB UKIN

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

305 83 38 38 46 72

6.5% 3.5% 3.4% 2.2% 0.9% -0.1%

19 3 1 1 0 0

17 10 3 1 1 3

17 2 -2 0 -3 0

JAPAN Japan

Corporate Credit Improvement

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

NXY HSP HPQ LIFUNG

Nexen Inc Hospira Inc Hewlett Packard Co Li & Fung Ltd

29 144 185 143 70

-4.4% -2.5% -2.3% -2.0% -1.9%

-1 -4 -4 -3 -1

-2 1 -1 0 -2

-31 -1 -18 14 -3

STNBDK Stanley Black & Decker Inc

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Markit Credit Research

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

TMSNRPTRGL KELYorkWatfltd SGCLN ABE JTI

THOMSON REUTERS GROUP Ltd

37

-1.4%

-1

-2

-2

YORKSHIRE WATER SERVICES Fin Ltd Stagecoach Gp Plc Abertis Infraestructuras SA JTI UK Fin PLC

67

-1.4%

-1

87 215 38

-1.2% -1.2% -0.7%

-1 -3 0

-3 0 0

-5 -9 1

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

C-JHC

Citigroup Japan Hldgs Corp

109 42 52 188 95

-7.3% -4.8% -4.7% -3.6% -2.9%

-9 -2 -3 -7 -3

-22 -3 0 -11 2

-22 -6 -10 -27 4

ASGHL Asahi Group Hldgs Ltd NIKON Nikon Corp

NISHIM Nishimatsu Constr Co Ltd GENT Genting Bhd

Corporate Credit Deterioration

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

C BACORP MWD NEM-USALtd DDS

Citigroup Inc Bk of America Corp Morgan Stanley Newmont USA Ltd Dillards Inc

112 132 146 135 208

8.6% 8.3% 8.2% 6.3% 6.2%

9 10 11 8 12

12 13 19 1 22

0 10 6 17 4

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Markit Credit Research

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

VW

Volkswagen AG

84 356 125 470 116

11.1% 9.6% 9.4% 9.4% 9.1%

8 31 11 41 10

13 77 18 58 20

-1 109 21 67 25

ASSGEN Assicurazioni Generali S p A HSBC HSBC Hldgs plc

BANSAB Bco de Sabadell S A ALZSE Allianz SE

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

Ticker

Name

PC SANYO JFEHLD

Panasonic Corp SANYO Elec Co Ltd JFE Hldgs Inc

146 148 119 80

12.8% 12.4% 8.1% 6.7%

17 16 9 5

48 52 20 12

6 8 0 -1

NIPPOST NIPPON STEEL SUMITOMO METAL CORP SEKEF Seiko Epson Corp

119

5.6%

19

-70

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

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27/03/2013