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1) Weekly Interest Rate Monitor Treasury/Agency/CDs/MBS Item Current Prev. Change Treasuries 1 yr 0.700 0.670 0.030 2 yr 0.970 0.880 0.090 5 yr 1.490 1.380 0.110 7 yr 1.790 1.690 0.100 10 yr 1.980 1.880 0.100 30 yr 2.750 2.700 0.050 Treasury Inflation-Protected Securities (TIPS) 5 yr -0.009 -0.090 0.081 10 yr 0.437 0.345 0.092 30 yr 1.086 1.005 0.081 Agencies 1 yr 0.998 0.910 0.088 2 yr 1.217 1.154 0.063 5 yr 1.770 1.697 0.073 7 yr 2.527 n/a n/a 10 yr 2.840 n/a n/a 20 yr 3.043 3.073 -0.030 MBS (Current Cpn 30-yr) FNMA 2.760 2.662 0.098 GNMA 2.662 2.526 0.136 Brokered CDs 3 mo 0.450 0.450 0.000 6 mo 0.550 0.550 0.000 1 yr 0.750 0.750 0.000 2 yr 1.100 1.050 0.050 3 yr 1.350 1.350 0.000 4 yr 1.550 1.550 0.000 5 yr 1.800 1.750 0.050 10 yr 2.350 2.300 0.050 6.00 1-yr Ago 0.240 0.670 1.590 1.910 2.100 2.690 -0.041 0.402 0.847 1.073 1.102 1.602 1.748 2.362 2.831 2.825 2.700 0.350 0.400 0.550 0.950 1.300 1.700 2.000 3.000 Corporate/Credit Item Current Prev. Change Corporate CDX Index (CDS Index) 5 yr 82.980 94.448 -11.468 10 yr 102.475 108.375 -5.900 Corporate Index (A) 1 yr 1.118 1.100 0.018 2 yr 1.576 1.538 0.038 5 yr 2.420 2.370 0.050 10 yr 3.253 3.212 0.041 30 yr 4.190 4.216 -0.026 Corporate Index (BBB) 1 yr 1.648 1.628 0.020 2 yr 2.176 2.147 0.029 5 yr 3.140 3.102 0.038 10 yr 4.077 4.064 0.013 30 yr 4.926 4.985 -0.059 Industrial (A) 2 yr 1.479 1.450 0.029 5 yr 2.368 2.327 0.041 10 yr 3.247 3.213 0.034 30 yr 4.238 4.253 -0.015 Financial (A) 2 yr 1.910 1.880 0.030 5 yr 2.751 2.708 0.043 10 yr 3.612 3.573 0.039 30 yr 4.583 4.571 0.012 Utility (A) 2 yr 1.761 1.725 0.036 5 yr 2.542 2.477 0.065 10 yr 3.340 3.270 0.070 30 yr 4.208 4.172 0.036 5.00 Treasuries Corporate (A) Corporate (BBB) Industrial (A) Financial (A) Utility (A) 5.00 4.00 3.00 2.00 1-yr Ago 63.975 87.130 0.735 1.127 2.155 3.125 4.002 1.160 1.575 2.665 3.706 4.606 1.027 2.016 2.946 3.908 1.231 2.300 3.285 4.241 1.187 2.109 2.960 3.832 Municipal Bonds Change Item Current Prev. Municipal G.O. (AAA) MMD 1 yr 0.500 0.420 0.080 2 yr 0.640 0.610 0.030 5 yr 1.110 1.080 0.030 10 yr 1.890 1.900 -0.010 15 yr 2.330 2.350 -0.020 20 yr 2.610 2.640 -0.030 25 yr 2.800 2.840 -0.040 30 yr 2.860 2.900 -0.040 Municipal G.O. (AAA) MMD TEY 39.6% 1 yr 0.828 0.695 0.132 2 yr 1.060 1.010 0.050 5 yr 1.838 1.788 0.050 10 yr 3.129 3.146 -0.017 15 yr 3.858 3.891 -0.033 20 yr 4.321 4.371 -0.050 25 yr 4.636 4.702 -0.066 30 yr 4.735 4.801 -0.066 Equities, Commodities & Other Rates Equities (Price Appreciation) DJIA 17213.31 17006.77 206.54 S&P 500 2022.19 1999.99 22.20 Nasdaq 4748.47 4717.02 31.45 Commodities Gold 1250.70 1259.25 -8.55 Oil 38.50 35.92 2.58 Other Rates 3m LIBOR 0.634 0.634 0.000 Eur/USD 1.116 1.101 0.015 USD/Yen 113.860 113.740 0.120 1-yr Ago 0.150 0.530 1.380 2.140 2.580 2.780 2.890 2.940 0.248 0.877 2.285 3.543 4.272 4.603 4.785 4.868 17895.22 2065.95 4893.29 1153.68 58.43 0.27 1.06 121.29 Treasuries G.O. (AAA) MMD 4.00 G.O. (AAA) MMD TEY @39.6% 3.00 2.00 1.00 1.00 0.00 1-yr 2-yr 5-yr 10-yr Source: (Bloomberg LP, MMD, RaymondJames) as of 3/14/2016 30-yr 0.00 1-yr 2-yr 5-yr 10-yr Additional Resources: Fixed Income Weekly Primer, Index Monitor and Chartbook 30-yr

2) The author of this material is a Trader in the Fixed Income Department of Raymond James & Associates (RJA), and is not an Analyst. Any opinions expressed may differ from opinions expressed by other departments of RJA, and are subject to change without notice. The data and information contained herein was obtained from sources considered to be reliable, but RJA does not guarantee its accuracy and/or completeness. Neither the information nor any opinions expressed constitute a solicitation for the purchase or sale of any security referred to herein. This material may include analysis of sectors, securities and/or derivatives that RJA may have positions, long or short, held proprietarily. RJA or its affiliates may execute transactions which may not be consistent with the report’s conclusions. RJA may also have performed investment banking services for the issuers of such securities. Investors should discuss the risks inherent in bonds with their Raymond James Financial Advisor. Risks include, but are not limited to, changes in interest rates, liquidity, credit quality, volatility, and duration. Past performance is no assurance of future results. CDs offer FDIC insurance and a fixed rate of return whereas both principal and yield of investment securities will fluctuate with changes in market conditions. CDs are insured by the Federal Deposit Insurance Corporation (FDIC), an independent agency of the United States government, for up to $250,000 per depositor. The coverage limit refers to the total of all deposits that an account holder(s) has at each FDIC‐ insured bank. The DJIA (Dow Jones Industrial Average) is a price‐weighted index of 30 significant stocks. The S&P 500 is an index of 500 widely held securities meant to reflect the risk/return characteristics of the large cap universe. The NASDAQ Composite Index is an index of all stocks traded on the NASDAQ over‐the‐counter market. The Bloomberg U.S. Corporate Bond Indexes are comprised of the "active" (most frequently traded) fixed coupon bonds represented by FINRA TRACE, FINRA's transaction reporting facility that disseminates all over-the-counter secondary market transactions in these public bonds. The Markit CDX North America Investment Grade Index is composed of 125 equally weighted credit default swaps on investment grade entities, distributed among 6 sub-indices: High Volatility, Consumer, Energy, Financial, Industrial, and Technology, Media & Tele-communications. Markit CDX indices roll every 6 months in March & September. Ratings apply to the company's claims paying ability, and not to the safety or performance of an investment, ,and may be subject to review, revision, suspension, reduction or withdrawal at any time by the assigning Rating Agency. No representation is made as to an insurer's ability to meet its financial commitments. U.S. Treasury securities are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed web sites or their respective sponsors. Raymond James is not responsible for the content of any web site or the collection or use of information regarding any web site's users and/or members. Taxable Equivalent Yield (TEY) is a method of comparing yields of tax-exempt bonds to those of taxable bonds on a pre-tax basis. TEY is the yield required on a taxable bond to equal the yield of a tax-free bond. It is calculated by dividing the tax-free yield by the reciprocal of the federal tax rate. The highest U.S. tax bracket of 39.6% is used in this material. While interest on municipal bonds is generally exempt from federal income tax, it may be subject to the federal alternative minimum tax, or state or local taxes. In addition, certain municipal bonds, such as Build America Bonds (BAB), are issued without a federal tax exemption, which subjects the related interest income to federal income tax. Municipal Market Data (MMD) AAA generic curves evaluate non-AMT blocks of $2mln or more and assume a 10-year PAR call and a 5.00% coupon structure. The Bloomberg U.S. municipal general obligation curve includes bonds with an average rating of AZ+ from Moody’s and S&P. The option-free yield curve is built using option-adjusted spread models. The yield curve is comprised from contributed pricing from the Municipal Securities Rulemaking Board (MSRB), new issue calendars and other proprietary contributed prices. Raymond James & Associates, Inc., member New York Stock Exchange/SIPC. Raymond James Financial Services, Inc., member FINRA/SIPC. Ref. 2015-012324 until 03/30/2016 © 2015 Raymond James & Associates, Inc., member New York Stock Exchange/SIPC © 2015 Raymond James Financial Services, Inc., member FINRA/SIPC Raymond James Corporate Headquarters ● 880 Carillon Parkway, St. Petersburg, FL 33716