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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA00820441: First Time and Yellen (DS9)

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This document is a financial market analysis report discussing fund positioning in emerging markets, swap rates, and S&P 500 levels, with a reference to 'Yellen' in a section on key events. The document appears to be financial market commentary and does not contain substantive information related to Jeffrey Epstein.

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Excerpt 1
funds managing $12tn shows that funds have removed their underweight in Emerging Markets and are now neutral relative to benchmark, in aggregate, for the **first**
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**time** in recent years.
Excerpt 3
0.75% premium (68% discount to the vanilla at 2.36% premium) Current SPX level: 2184 Current 2y swap rate: 0.98% Current 10y swap rate: 1.43% Key Events **Yellen**

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