TEL 3-6733-17 E-mail 1 / 14 216 5 27
TEL 3-6733-17 E-mail 2 / 14 EU 2161 2146 2152 2127 2149 21412 2163 216 3.1%.1%...5%.6% 1.25%.65% CD.75%.5% 1.45% 1.2% 1 (2164 ).82%.97%.62%.51%.259% 3.325% 2161 1 6,4 81 2,36 3.2 1,77 6 97 1.6 1,7 2 1,47 591 2% 2144 ECB 3%
(%) 5. 4.5 4. 3.5 3. 2.5 2. 1.5 21 211 212 213 214 215 216 (%) 8 7 1 (%) 1 7 6 6 5 4 3 2 5 4 3 2 1 1 21 211 212 213 214 215 216 21 211 212 213 214 215 216 TEL 3-6733-17 E-mail 3 / 14
(%) 5. 4.5 4. 3.5 3. 2.5 2. 1.5 1..5 (%) 5. 4.5 4.. 21 211 212 213 214 215 216 3.5 3. 2.5 2. 1.5 1..5. 21 211 212 213 214 215 216 4.5% 213 4. 213 3.5% 213 215 3. 215 2.5% 215 2. 1.5% 1..5%. TEL 3-6733-17 E-mail 4 / 14
TEL 3-6733-17 E-mail 5 / 14-6% - -2% 2% 6% 8% 1 12% 1 16% 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216-1 -12% -1-8% -6% - -2% 2% 6% 8% 1 12% 21 211 212 213 214 215 216 + -8% -6% - -2% 2% 6% 8% 1 21 211 212 213 214 215 216 +
TEL 3-6733-17 E-mail 6 / 14 8 82% 8 86% 88% 9 92% 9 96% 98% 1 5, 1, 15, 2, 25, (1 8 82% 8 86% 88% 9 92% 9 96% 98% 1 1, 2, 3, 4, 5, 6, 7, 1
TEL 3-6733-17 E-mail 7 / 14 8 82% 8 86% 88% 9 92% 9 96% 98% 1 5, 1, 15, 2, 25, (1 7 75% 8 85% 9 95% 1 1, 2, 3, 4, 5, 6, 1
TEL 3-6733-17 E-mail 8 / 14 4 6 8 1 12 14 16 18 2 22-8 -7-6 -5-4 -3-2 -1 29 21 211 212 213 214 215 216 3 5
TEL 3-6733-17 E-mail 9 / 14 EU 1 2 3 4 5 6 7 8 9 1 51 5 1 1, 2, 3, 4, 5, 6, 1 5 1 51-1. -.8 -.6 -.4 -.2..2.4.6.8 1. 1.2 1.4 1.6 (%) Bloomberg
1 9 8 7 6 5 4 3 2 1 4. 3.8 3.6 3.4 3.2 3. 2.8 2.6 2.4 2.2 1 1,4 1, 8 6 4 2 25 26 27 28 29 21 211 212 213 214 215 213 215 1,2 2. TEL 3-6733-17 E-mail 1 / 14
-1-2 -3-4 -5-6 -7-8 3-9 -1 5-11 29 21 211 212 213 214 215 216 (1 1, 8 6 4 2-2 -4-6 -8-1, 28May 28Aug 28Nov 29Feb 29May 29Aug 29Nov 21Feb 21May 21Aug 21Nov 211Feb 211May 211Aug 211Nov 212Feb 212May 212Aug 212Nov 213Feb 213May 213Aug 213Nov 214Feb 214May 214Aug 214Nov 215Feb 215May 215Aug 215Nov 216Feb 28 29 21 211 212 213 214 215 216 TEL 3-6733-17 E-mail 11 / 14
35% 3 25% 2 15% 1 5% 211 213214215211 213214215211 213214215 TEL 3-6733-17 E-mail 12 / 14
TEL 3-6733-17 E-mail 13 / 14 1 2 3 4 5 6 7 8 9 1 11 26 27 28 29 21 211 212 213 214 215 216 217 32% 23% 23%.5% 5% 2% 11% 16% 17% 1.2% 9% 4 2 9% 27% 8% 28% 6% 25% 17% 21% 1% 2% 2
TEL 3-6733-17 E-mail 14 / 14