The document is a global market update from April 10, 2015, addressing financial conditions in developed and emerging markets, and highlighting key indices and economic indicators. It provides charts and information sourced from Bloomberg, discussing various aspects such as fixed income, global equities, and currency performance. The content is intended for research purposes only and not as investment advice.

1. Global Market Update
April 10, 2015
Global Clients…Global Portfolios
disclosure: The opinions expressed in this Charts to Watch report are those of the author. The materials and commentary are strictly informational and should be used for
research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts,
including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and
information used in this report are sourced from Bloomberg.

2. Financial Conditions

3. 5
Developed Markets – Month to Date

4. 6
Emerging Markets – Month to Date

5. 7
Global Financial Stress Index – 1 Year

6. 8
Macro Risk Index – 1 Year

7. 9
VIX Index – 1 Year

8. 10
S&P 500 – Earnings Surprise Q1 2015

9. Fixed Income & Credit

10. 12
U.S. Treasury 10 Year Yield

11. 13
Investment Grade Credit Spreads

12. 14
High Yield Credit Spreads

13. 15
UST Yield Curve vs. US BBB Curve vs. US B Curve

14. 16
Fed’s Five-year Forward Breakeven Inflation Rate

15. 17
US 10yr Treasury Yields vs. German 10yr Bund Yields

16. Global Equities

17. 19
MSCI ACWI Index

18. 20
S&P 500 Index

19. 21
MSCI EAFE Index

20. 22
MSCI Emerging Market Index

21. 23
Global Sectors by Region

22. Currencies & Commodities

23. 25
Currency Returns – 6 Months

24. 26
Currency Forecasts

25. 27
U.S. Dollar Index $

26. 28
Euro €

27. 29
Japanese Yen ¥

28. 30
Chinese Renminbi

29. 31
Mexican Peso

30. 32
Canadian Dollar

31. 33
Gold

32. 34
Crude Oil

33. The Economy

34. 36
U.S. Economic Calendar – Last Week

35. 37
U.S. Economic Calendar – Next Week

36. 38
U.S. Economic Surprise Monitor