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***Updated.....................>

MONTH-END EXTENSIONS
MONTH-END EXTENSIONS: ***Updated Bloomberg-Barclays projected month-end index
extensions compared to the average increase for the past year and the same time
in 2016.
*.....................Projected...1Y Avg Incr..Last July
*Pan Euro Agg............0.11........0.03.......0.02
*Pan-Euro Agg Tsy........0.12........0.03.......0.03
*Pan-Euro Agg Agcy.......0.10........0.04.......0.01
*Pan-Euro Agg Credit.....0.09........0.03.......0.02
*Pan-Euro Agg Sec........0.07........0.03.......0.01
*Pan-Euro Hi Yld.........0.04.......-0.03.......0.00
*Euro Agg................0.10........0.03.......0.02
*Euro Agg Tsy............0.11........0.03.......0.02
*Sterling Agg............0.22........0.03.......0.04
*Sterling Agg Tsy........0.31........0.04.......0.05

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