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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01437325: Driver and Overnight (DS10)

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This document contains two unrelated excerpts: a financial analysis discussing market positioning and bond curves, and an email dated August 15, 2018, addressed to Paul Barrett with copies to Xavier Avila, Davide-A Sferrazza, and Stewart Oldfield, noting that content was written by Christian overnight. The excerpts do not establish clear relevance to the Epstein case.

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Excerpt 1
local bonds is more favorable in the belly of the curve. n Positioning - neither in FI nor in FX, is crowded anymore, and therefore not the marginal **driver**
Excerpt 2
Date: Wed, 15 Aug 2018 09:13:39 -0400 To: "Paul Barrett ( ) II Cc: Xavier Avila Davide-A Sferrazza Stewart Oldfield Paul - this was written by Christian **overnight**

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