Market Data: Week Ending July 25, 2014

Market Index	12/31/   2013	7/25/     2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	16,960.57	-0.82%	2.32%
S&P 500 Index	1,848.36	1,978.34	0.01%	7.03%
Fed Funds Rate	0.08%	0.09%	0.02%	12.50%
10 yr T-note Yld	3.04%	2.48%	-0.02%	-18.42%
5 yr T-note Yld	1.75%	1.69%	0.00%	-3.43%
5 yr TIPS - 'Real' Yld	0.07%	-0.38%	0.02%	642.86%
Implied 5 yr Inflation %	1.68%	2.07%	-0.02%	23.21%
2 yr T-note Yld	0.38%	0.53%	0.02%	39.47%
2-10 Yr Slope	1.64%	1.95%	-0.04%	18.90%
90 day T-bill Yld	0.07%	0.03%	0.01%	-57.14%
Gold ($/oz)	$1,204.80	$1,308.50	-$2.90	8.61%
WTI Oil ($/brl)	$98.70	$101.89	$0.22	3.23%
VIX "Worry Index"	13.72	12.69	0.63	-7.51%
Credit Spreads	12/31/   2013	7/25/     2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.45%	-0.02%	-10.85%
High Yield Credit Idx	5.95%	5.66%	-0.04%	-4.87%
Markit CDX No Am Inv Grade	62	59	-1.00	-3.00
Markit CDX No Am HiVol	135	122	0.00	-13.00
High Yield to 10 yr T-Note Spread	291	318	-2.00	27.00

Market Data: Week Ending July 18, 2014

Market Index	12/31/   2013	7/18/     2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	17,100.18	0.91%	3.16%
S&P 500 Index	1,848.36	1,978.22	0.54%	7.03%
Fed Funds Rate	0.08%	0.07%	0.00%	-12.50%
10 yr T-note Yld	3.04%	2.50%	-0.03%	-17.76%
5 yr T-note Yld	1.75%	1.69%	0.04%	-3.43%
5 yr TIPS - 'Real' Yld	0.07%	-0.40%	0.05%	671.43%
Implied 5 yr Inflation %	1.68%	2.09%	-0.01%	24.40%
2 yr T-note Yld	0.38%	0.51%	0.03%	34.21%
2-10 Yr Slope	1.64%	1.99%	-0.06%	21.34%
90 day T-bill Yld	0.07%	0.02%	0.00%	-71.43%
Gold ($/oz)	$1,204.80	$1,311.40	-$28.60	8.85%
WTI Oil ($/brl)	$98.70	$101.67	$1.18	3.01%
VIX "Worry Index"	13.72	12.06	-0.02	-12.10%
Credit Spreads	12/31/   2013	7/18/     2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.47%	0.00%	-10.34%
High Yield Credit Idx	5.95%	5.70%	0.27%	-4.20%
Markit CDX No Am Inv Grade	62	60	2.00	-2.00
Markit CDX No Am HiVol	135	122	1.00	-13.00
High Yield to 10 yr T-Note Spread	291	320	30.00	29.00

Market Data: Week Ending July 11, 2014

Market Index	12/31/   2013	7/11/     2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	16,943.81	-0.73%	2.21%
S&P 500 Index	1,848.36	1,967.57	-0.91%	6.45%
Fed Funds Rate	0.08%	0.07%	-0.02%	-12.50%
10 yr T-note Yld	3.04%	2.53%	-0.12%	-16.78%
5 yr T-note Yld	1.75%	1.65%	-0.09%	-5.71%
5 yr TIPS - 'Real' Yld	0.07%	-0.45%	-0.04%	742.86%
Implied 5 yr Inflation %	1.68%	2.10%	-0.05%	25.00%
2 yr T-note Yld	0.38%	0.48%	-0.04%	26.32%
2-10 Yr Slope	1.64%	2.05%	-0.08%	25.00%
90 day T-bill Yld	0.07%	0.02%	0.01%	-71.43%
Gold ($/oz)	$1,204.80	$1,340.00	$19.60	11.22%
WTI Oil ($/brl)	$98.70	$100.49	-$3.60	1.81%
VIX "Worry Index"	13.72	12.08	1.76	-11.95%
Credit Spreads	12/31/   2013	7/11/     2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.47%	-0.07%	-10.34%
High Yield Credit Idx	5.95%	5.43%	0.09%	-8.74%
Markit CDX No Am Inv Grade	62	58	3.00	-4.00
Markit CDX No Am HiVol	135	121	4.00	-14.00
High Yield to 10 yr T-Note Spread	291	290	21.00	-1.00

Market Data: Week Ending July 4, 2014

Market Index	12/31/   2013	7/4/2014	Week Change	Simple YTD
Dow Industrials Avg	16,576.66	17,068.26	1.27%	2.97%
S&P 500 Index	1,848.36	1,985.44	1.23%	7.42%
Fed Funds Rate	0.08%	0.09%	0.02%	12.50%
10 yr T-note Yld	3.04%	2.65%	0.11%	-12.83%
5 yr T-note Yld	1.75%	1.74%	0.10%	-0.57%
5 yr TIPS - 'Real' Yld	0.07%	-0.41%	0.08%	685.71%
Implied 5 yr Inflation %	1.68%	2.15%	0.02%	27.98%
2 yr T-note Yld	0.38%	0.52%	0.07%	36.84%
2-10 Yr Slope	1.64%	2.13%	0.04%	29.88%
90 day T-bill Yld	0.07%	0.01%	-0.02%	-85.71%
Gold ($/oz)	$1,204.80	$1,320.40	$4.40	9.59%
WTI Oil ($/brl)	$98.70	$104.09	-$1.65	5.46%
VIX "Worry Index"	13.72	10.32	-0.94	-24.78%
Credit Spreads	12/31/   2013	7/4/2014	Week Change	Simple YTD
Inv Grade Credit Idx	3.87%	3.54%	0.08%	-8.53%
High Yield Credit Idx	5.95%	5.34%	0.02%	-10.25%
Markit CDX No Am Inv Grade	62	55	-2.00	-7.00
Markit CDX No Am HiVol	135	117	-1.00	-18.00
High Yield to 10 yr T-Note Spread	291	269	-9.00	-22.00