Market Data: Week Ending July 26, 2013

Market Index	12/31/ 2012	7/26/ 2013	Week Change	Simple YTD %
Dow Industrials Avg	13,104.14	15,558.83	0.10%	18.73%
S&P 500	1,426.19	1,691.65	-0.03%	18.61%
Fed Funds Rate	0.09%	0.09%	0.00%	0.00%
10 yr T-note Yld	1.78%	2.58%	0.08%	44.94%
5 yr T-note Yld	0.72%	1.36%	0.05%	88.89%
5 yr TIPS - 'Real' Yld	-1.37%	-0.45%	0.09%	67.15%
Implied 5 yr Inflation %	1.72%	1.81%	-0.04%	5.23%
2 yr T-note Yld	0.25%	0.31%	-0.01%	24.00%
2-10 Yr Slope	1.64%	2.27%	0.09%	38.41%
90 day T-bill Yld	0.05%	0.03%	0.00%	-40.00%
Gold ($/oz)	$1,664.00	$1,331.90	$36.90	-19.96%
WTI Oil ($/brl)	$91.74	$104.70	-$3.46	14.13%
VIX "Worry Index"	18.02	12.72	0.18	-29.41%
Credit Spreads	12/31/ 2012	7/26/ 2013	Week Change	Simple YTD %
Inv Grade Credit Idx	3.36%	3.89%	0.07%	15.77%
High Yield Credit Idx	6.76%	6.17%	0.21%	-8.73%
Markit CDX No Am Inv Grade	96	76	2.70%	-20.83%
Markit CDX No Am HiVol	196	160	1.27%	-18.37%
High Yield to 10 yr T-Note Spread	498	359	3.76%	-27.91%

Market Data: Week Ending July 19, 2013

Market Index	12/31/ 2012	7/19/ 2013	Week Change	Simple YTD %
Dow Industrials Avg	13,104.14	15,543.74	0.51%	18.62%
S&P 500	1,426.19	1,692.09	0.70%	18.64%
Fed Funds Rate	0.09%	0.09%	-0.02%	0.00%
10 yr T-note Yld	1.78%	2.50%	-0.11%	40.45%
5 yr T-note Yld	0.72%	1.31%	-0.12%	81.94%
5 yr TIPS - 'Real' Yld	-1.37%	-0.54%	-0.12%	60.58%
Implied 5 yr Inflation %	1.72%	1.85%	0.00%	7.56%
2 yr T-note Yld	0.25%	0.32%	-0.05%	28.00%
2-10 Yr Slope	1.64%	2.18%	-0.06%	32.93%
90 day T-bill Yld	0.05%	0.03%	-0.01%	-40.00%
Gold ($/oz)	$1,664.00	$1,295.00	$11.60	-22.18%
WTI Oil ($/brl)	$91.74	$108.16	$1.92	17.90%
VIX "Worry Index"	18.02	12.54	-1.3	-30.41%
Credit Spreads	12/31/ 2012	7/19/ 2013	Week Change	Simple YTD %
Inv Grade Credit Idx	3.36%	3.82%	-0.12%	13.69%
High Yield Credit Idx	6.76%	5.96%	-0.35%	-11.83%
Markit CDX No Am Inv Grade	96	74	-5.13%	-22.92%
Markit CDX No Am HiVol	196	158	-3.66%	-19.39%
High Yield to 10 yr T-Note Spread	498	346	-6.49%	-30.52%

Market Data: Week Ending July 12,2013

Market Index	12/31/ 2012	7/12/ 2013	Week Change	Simple YTD %
Dow Industrials Avg	13,104.14	15,464.30	2.12%	18.01%
S&P 500	1,426.19	1,680.19	2.87%	17.81%
Fed Funds Rate	0.09%	0.11%	0.00%	22.22%
10 yr T-note Yld	1.78%	2.61%	-0.12%	46.63%
5 yr T-note Yld	0.72%	1.43%	-0.17%	98.61%
5 yr TIPS - 'Real' Yld	-1.37%	-0.42%	-0.01%	69.34%
Implied 5 yr Inflation %	1.72%	1.85%	-0.16%	7.56%
2 yr T-note Yld	0.25%	0.37%	-0.03%	48.00%
2-10 Yr Slope	1.64%	2.24%	-0.09%	36.59%
90 day T-bill Yld	0.05%	0.04%	0.00%	-20.00%
Gold ($/oz)	$1,664.00	$1,283.40	$70.70	-22.87%
WTI Oil ($/brl)	$91.74	$106.24	$2.61	15.81%
VIX "Worry Index"	18.02	13.84	-1.05	-23.20%
Credit Spreads	12/31/ 2012	7/12/ 2013	Week Change	Simple YTD %
Inv Grade Credit Idx	3.36%	3.94%	-0.12%	17.26%
High Yield Credit Idx	6.76%	6.31%	-0.27%	-6.66%
Markit CDX No Am Inv Grade	96	78	-8.24%	-18.75%
Markit CDX No Am HiVol	196	164	-5.75%	-16.33%
High Yield to 10 yr T-Note Spread	498	370	-3.90%	-25.70%

Market Data: Week Ending July 5, 2013

Market Index	12/31/ 2012	7/5/   2013	Week Change	Simple YTD %
Dow Industrials Avg	13,104.14	15,135.84	1.49%	15.50%
S&P 500	1,426.19	1,631.89	1.57%	14.42%
Fed Funds Rate	0.09%	0.11%	0.00%	22.22%
10 yr T-note Yld	1.78%	2.73%	0.21%	53.37%
5 yr T-note Yld	0.72%	1.60%	0.19%	122.22%
5 yr TIPS - 'Real' Yld	-1.37%	-0.41%	-0.06%	70.07%
Implied 5 yr Inflation %	1.72%	2.01%	0.25%	16.86%
2 yr T-note Yld	0.25%	0.40%	0.04%	60.00%
2-10 Yr Slope	1.64%	2.33%	0.17%	42.07%
90 day T-bill Yld	0.05%	0.04%	0.00%	-20.00%
Gold ($/oz)	$1,664.00	$1,212.70	-$19.40	-27.12%
WTI Oil ($/brl)	$91.74	$103.63	$7.04	12.96%
VIX "Worry Index"	18.02	14.89	-1.97	-17.37%
Credit Spreads	12/31/ 2012	7/5/   2013	Week Change	Simple YTD %
Inv Grade Credit Idx	3.36%	4.06%	0.11%	20.83%
High Yield Credit Idx	6.76%	6.58%	-0.04%	-2.66%
Markit CDX No Am Inv Grade	96	85	-1.16%	-11.46%
Markit CDX No Am HiVol	196	174	-0.57%	-11.22%
High Yield to 10 yr T-Note Spread	498	385	-6.10%	-22.69%