#houseoversight025979
LightNews LightNews
epsteinweb.bsky.social
Part 2/2 — HOUSE_OVERSIGHT_025979.jpg
#epsteinweb #houseoversight025979
as of 05-Aug-16 Chart 2: Change** in stress across GFSI sub-components. The biggest moves were declines in stress; led by credit. Notably stress in GBP vol declined post BoE _ 2 180 ee FE eS sen € B02 eS gt i I | | s ages & o of 2-06 ee Gah Se = 7B ° 2 -1.0 _ a 8 _ _ BESLESEREGSES ESS SSS EORESTES EST LERRSRESS ES eS 2-AHUI5IFrI ee TE OSHMA Ss SS rzseeFGtKZZ ee eHGQeCZet gy BLES vse SHEzeszenge el xneSEECSuv se PEPE SSS EvSEaez SE SSE OS OS OS SETAE RB ST BKB BOOB reuse LSU SEC SS BES sS5oHaRB2 22 Ps > enmad eOay Rese ixss sz Sis agen St€NSGRESSZESSEL Fea elSees ec estes aX Psez5RF=2EEgs4re% TeSSS eS FSGS ae tSaSSeSECS ETE ASH28°S 6-553 558 = 2 S p »>*=€ £85250 238 5° Fm ia 2ortege QB = 3 © §22S°E82aG2 6 2 3 ze Ba =z — = ° & 8 uw a id oo oO b= 4 ‘Source: BofA Merrill Lynch Global Research. **Latest as of 05-Aug-16. Change vs 1 week prior (29-Jul-16), ; acd Bankof America > 2 Global Equity Volatility Insights | O9 August 2016 Merrill Lynch HOUSE_OVERSIGHT_025979
February 9, 2026 at 4:03 PM
epsteinweb.bsky.social
Part 1/2 — HOUSE_OVERSIGHT_025979.jpg
#epsteinweb #houseoversight025979
™ i BofAML GFSI™ X-Asset Risk Landscape GFSI makes new YTD lows as BoE & NFP boost risk assets The GFSI declined to a new YTD low of 0.18 as of 5-Aug, a level not seen since Nov-15. With the BoE surprising to the upside in terms of cutting rates, re-starting QE and guiding towards more accommodative policy down the line, as well as better than expected US non-farm payrolls, risk assets globally got a boost. + Credit experienced the biggest decline in stress across assets: Chart 3 shows that credit (followed by equities) experienced the biggest weekly stress decline. Indeed, Chart 5 and Chart 6 show that sovereign risk as measured by IG & sub-IG foreign sovereign bond spreads experienced the most significant weekly declines in stress versus their history in the GFSI. + Europe continues to be most stressed region: Chart 4 shows that Europe is the most stressed region in the GFSI, despite the stress declines last week. US- related stresses which were already relatively lower vs the other regions, were more resilient. Indeed the only significant move higher in regional stress was in USD Libor-OlS spreads (Chart 5), which our Rates strategists view as driven by the anticipation of US money market mutual fund reform in October. Chart 1: Latest* stress across GFSI sub-components 40 18 rr Risk 3.0 ® _Red shaded area highlights components in Bearish = Skew Green shaded area highlights components in Es : : 3 20 = x 2 Flow Bullish territory ain £ 00 - ce evrTeTryy 10 Ras fe 20 : FSeon FAaeCKrapsas sss srSeOseAssKaryrsrssotCSESFOKLSKCSPSFEKC SASH Seat 8 eS BSS Esa eS Fea Gs esg AAs as Basa eZe BbaSaa BEX FENG SS sr ELLOS EES EP SEERVELELZRLRSREZSLEBSES TO Be aT OSES Se KOTO EBS Be eB O Be SSO BB zZBw zs § Stas SPEC EER ESR SARS ESESS LS SSP LAER ET Eee ee ESSE ESE 6ZS5 SERS Et SRSPS TEs S2t2=§s5nt ASSEsrtSEZsvXse 2n S8F8> = S) Sage "es F ue O=ES zo €ag 82 Qu f= g iz > = 3s ==ms6* sy = S aa 3 8 io) oO a a oy Ee = = fe) sé: Es ‘Source: BofA Merrill Lynch Global Research, *Latest
February 9, 2026 at 4:03 PM