© 2006-14 Financial Industry Regulatory Authority, Inc.

(“FINRA”)

The information and data contained herein is consolidated by FINRA from a variety of third party sources. Because of the possibility of
human or mechanical error by FINRA’s sources, FINRA or others, FINRA and its third party sources do not guarantee the accuracy,
adequacy, completeness or availability of any information or data nor are they responsible for any errors or omissions therein or for the
results obtained from the use of such information and data. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT
NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall
FINRA or its third party providers be liable for any indirect, special or consequential damages in connection with use of this information and
data even where there is prior knowledge of, or the possibility of, such damages.

TRACE FACT BOOK Q2 2014 - Corporate Debt

Workbook Contents
FRA-BB

Top 50 IG

Top 50 IG PV

Top 50 HY

Top 50 HY PV

Top 25 Conv

Top 25 Conv PV

P1 Trades

IG Trades

HY Trades

Conv IG Trades
Conv IG Trades

Conv HY Trades

P1 PV

IG PV

HY PV

Conv IG PV

Conv HY PV

IG Buy-Sell Ratio

HY Buy-Sell Ratio

Conv IG Buy-Sell Ratio

Conv HY Buy-Sell Ratio

al Industry Regulatory Authority, Inc. (“FINRA”)

d data contained herein is consolidated by FINRA from a variety of third party sources. Because of the possibility of
cal error by FINRA’s sources, FINRA or others, FINRA and its third party sources do not guarantee the accuracy,
eness or availability of any information or data nor are they responsible for any errors or omissions therein or for the
m the use of such information and data. THERE ARE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall
arty providers be liable for any indirect, special or consequential damages in connection with use of this information and
ere is prior knowledge of, or the possibility of, such damages.

TRACE FACT BOOK Q2 2014 - Corporate Debt

Workbook Contents
FINRA-Bloomberg Indices
FINRA-Bloomberg Yield, Total Return and Price Indices.

Top 50 Publicly Traded Corporate Investment-Grade Issues by Number of S1

Trades Executed (excluding convertible bonds, equity CUSIPs, and 144As)

Lists the 50 non-convertible publicly traded investment-grade issues with the highest number of S1
trades submitted to TRACE in the period specified.
Top 50 Publicly Traded Corporate Investment-Grade Issues by S1 Par Value
Traded (excluding convertible bonds, equity CUSIPs and 144As)
Lists the 50 non-convertible publicly traded investment-grade issues with the highest S1 par value
traded and submitted to TRACE in the period specified.

Top 50 Publicly Traded Corporate High-Yield Issues by Number of S1 Trades

Executed (excluding convertible bonds, equity CUSIPs and 144As)

Lists the 50 non-convertible publicly traded high-yield issues with the highest number of S1 trades
submitted to TRACE in the period specified.
Top 50 Publicly Traded Corporate High-Yield Issues by S1 Par Value Traded in
(excluding convertible bonds, equity CUSIPs and 144As)
Lists the 50 non-convertible publicly traded high-yield issues with the highest S1 par value traded and
submitted to TRACE in the period specified.
Top 25 Publicly Traded Corporate Convertible Bond Issues by Number of S1
Trades Executed in (excluding equity CUSIPs and 144As)
Lists the 25 convertible publicly traded bond issues with the highest number of S1 trades submitted to
TRACE in the period specified.
Top 25 Publicly Traded Corporate Convertible Bond Issues by S1 Par Value
Traded in (excluding equity CUSIPs and 144As)
Lists the 25 convertible publicly traded bond issues with the highest S1 par value traded and submitted
to TRACE in the period specified.
Corporate P1 Trades (excluding equity CUSIPs)
Lists the average daily corporate P1 trades executed and submitted to TRACE in the period specified.

Corporate S1 Investment-Grade Trades (excluding convertible bonds and

equity CUSIPs)
Lists the average daily corporate S1 non-convertible investment-grade trades executed and submitted to
TRACE in the period specified.
Corporate S1 High-Yield Trades (excluding convertible bonds and equity
CUSIPs)
Lists the average daily corporate S1 non-convertible high-yield trades executed and submitted to
TRACE in the period specified.

Corporate S1 Convertible Investment-Grade Trades (excluding equity CUSIPs)

Lists the average daily corporate S1 convertible investment-grade trades executed and submitted to
TRACE in the period specified.
Corporate S1 Convertible High-Yield Trades (excluding equity CUSIPs)
Lists the average daily corporate S1 convertible high-yield trades executed and submitted to TRACE in
the period specified.
Corporate P1 Par Value Traded (excluding equity CUSIPs)
Lists the average daily corporate P1 par value traded and submitted to TRACE in the period specified in
thousands of dollars.
Corporate S1 Investment-Grade Par Value Traded (excluding convertible
bonds and equity CUSIPs)
Lists the average daily corporate S1 non-convertible investment-grade par value traded and submitted
to TRACE in the period specified in thousands of dollars.
Corporate S1 High-Yield Par Value Traded (excluding convertible bonds and
equity CUSIPs)
Lists the average daily corporate S1 non-convertible high-yield par value traded and submitted to
TRACE in the period specified in thousands of dollars.
Corporate S1 Convertible Investment-Grade Par Value Traded (excluding
equity CUSIPs)
Lists the average daily corporate S1 convertible investment-grade par value traded and submitted to
TRACE in the period specified in thousands of dollars.
Corporate S1 Convertible High-Yield Par Value Traded (excluding equity
CUSIPs)
Lists the average daily corporate S1 convertible high-yield par value traded and submitted to TRACE in
the period specified in thousands of dollars.
Ratio of Corporate S1 Investment-Grade Customer Buy to Customer Sell Par
Value Traded by Maturity Bands (excluding convertible bonds and equity
CUSIPs)

Lists within the appropriate time periods and categories the corporate S1 non-convertible gross and net
investment-grade customer buy and investment-grade customer sell par value traded and the ratio of
corporate S1 investment-grade customer buy to investment-grade customer sell par value traded.

Ratio of Corporate S1 High-Yield Customer Buy to Customer Sell Par Value

Traded by Maturity Bands (excluding convertible bonds and equity CUSIPs)

Lists within the appropriate time periods and categories the corporate S1 non-convertible gross and net
high-yield customer buy and high-yield customer sell par value traded and the ratio of corporate S1 high-
yield customer buy to high-yield customer sell par value traded.

Ratio of Corporate S1 Convertible Investment-Grade Customer Buy to

Customer Sell Par Value Traded by Maturity Bands (excluding equity CUSIPs)

Lists within the appropriate time periods and categories the corporate S1 convertible gross and net
investment-grade customer buy and investment-grade customer sell par value traded and the ratio of
corporate S1 convertible investment-grade customer buy to investment-grade customer sell par value
traded.

Ratio of Corporate S1 Convertible High-Yield Customer Buy to Customer Sell

Par Value Traded by Maturity Bands (excluding equity CUSIPs)

Lists within the appropriate time periods and categories the corporate S1 convertible gross and net high-
yield customer buy and high-yield customer sell par value traded and the ratio of corporate S1
convertible high-yield customer buy to high-yield customer sell par value traded.
 FINRA-Bloomberg Yield Index FINRA-Bloomberg Total Return Index
Date Investment Grade High Yield Investment Grade High Yield
4/1/2014 3.6409 5.7139 183.3255 314.1747
4/2/2014 3.6760 5.6585 182.9445 314.3680
4/3/2014 3.6576 5.6534 183.1811 314.4623
4/4/2014 3.6121 5.6342 183.6667 314.7719
4/7/2014 3.5819 5.6503 184.0599 314.7195
4/8/2014 3.5767 5.6423 184.1380 314.8775
4/9/2014 3.5723 5.6180 184.2010 315.1456
4/10/2014 3.5267 5.6044 184.6962 315.2820
4/11/2014 3.5190 5.6471 184.7909 314.8631
4/14/2014 3.5330 5.6222 184.7773 315.0294
4/15/2014 3.5293 5.6389 184.8211 314.9021
4/16/2014 3.5338 5.6328 184.7404 315.0196
4/17/2014 3.5623 5.6330 184.5090 315.0847
4/21/2014 3.5736 5.6306 184.4494 315.2352
4/22/2014 3.5884 5.6284 184.3453 315.3661
4/23/2014 3.5643 5.6276 184.6090 315.5437
4/24/2014 3.5722 5.6278 184.5574 315.6045
4/25/2014 3.5536 5.6247 184.7898 315.7109
4/28/2014 3.5679 5.6300 184.6857 315.7767
4/29/2014 3.5816 5.6173 184.5553 315.9075
4/30/2014 3.5512 5.5983 184.8793 316.2450
5/1/2014 3.5221 5.6124 185.3315 316.2015
5/2/2014 3.5056 5.5839 185.4959 316.6361
5/5/2014 3.5072 5.5942 185.5875 316.6547
5/6/2014 3.5102 5.5833 185.6065 316.7926
5/7/2014 3.5057 5.5789 185.6400 316.9327
5/8/2014 3.4931 5.5618 185.7825 317.0788
5/9/2014 3.4984 5.5345 185.6952 317.3841
5/12/2014 3.5258 5.5254 185.4766 317.6007
5/13/2014 3.5006 5.5136 185.7705 317.8930
5/14/2014 3.4462 5.4881 186.3907 318.1567
5/15/2014 3.4260 5.4987 186.6580 318.0792
5/16/2014 3.4394 5.5123 186.5360 318.0372
5/19/2014 3.4431 5.4907 186.5346 318.4822
5/20/2014 3.4480 5.5084 186.4654 318.3244
5/21/2014 3.4696 5.5005 186.2014 318.3241
5/22/2014 3.4825 5.5303 186.0562 318.1305
5/23/2014 3.4631 5.5257 186.3269 318.2599
5/27/2014 3.4622 5.5118 186.4186 318.2158
5/28/2014 3.4013 5.4868 187.1057 318.3956
5/29/2014 3.3975 5.4789 187.1852 318.5999
5/30/2014 3.4208 5.4426 186.9363 318.9902
6/2/2014 3.4753 5.4526 186.5246 319.1965
6/3/2014 3.5172 5.4795 186.0959 318.8245
6/4/2014 3.5279 5.4809 185.9229 318.9232
6/5/2014 3.5192 5.4412 186.0962 319.5191
6/6/2014 3.4992 5.4112 186.3566 319.9064
6/9/2014 3.5129 5.3938 186.2693 320.2671
6/10/2014 3.5318 5.3812 186.0712 320.5268
6/11/2014 3.5227 5.3588 186.1171 320.7008
6/12/2014 3.5234 5.3617 186.2088 320.7319
6/13/2014 3.5188 5.3656 186.2976 320.7409
6/16/2014 3.5158 5.3459 186.3935 321.0204
6/17/2014 3.5459 5.3635 186.0608 320.9159
6/18/2014 3.5326 5.3628 186.2269 321.0234
 6/19/2014 3.5110 5.3136 186.4769 321.7120
6/20/2014 3.5226 5.3045 186.3580 321.8278
6/23/2014 3.5006 5.2942 186.6873 322.1288
6/24/2014 3.4945 5.2930 186.7681 322.2287
6/25/2014 3.4654 5.3040 187.1120 322.0612
6/26/2014 3.4533 5.3210 187.2367 321.9205
6/27/2014 3.4568 5.3243 187.2460 321.9069
6/30/2014 3.4575 5.3292 187.2804 321.9885
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)
 FINRA-Bloomberg Price Index
Investment Grade High Yield
101.8684 136.2612
101.6431 136.3210
101.7641 136.3372
102.0247 136.4482
102.2102 136.3489
102.2423 136.3932
102.2660 136.4860
102.5319 136.5207
102.5733 136.3107
102.5307 136.3083
102.5436 136.2270
102.4868 136.2534
102.3456 136.2567
102.2773 136.2471
102.2073 136.2794
102.3433 136.3322
102.3027 136.3337
102.4212 136.3552
102.3280 136.3084
102.2433 136.3408
102.4130 136.4639
102.6545 136.4198
102.7350 136.5851
102.7516 136.5182
102.7497 136.5536
102.7569 136.5899
102.8250 136.6289
102.7646 136.7375
102.6075 136.7573
102.7602 136.8603
103.0953 136.9508
103.2333 136.8919
103.1537 136.8485
103.1183 136.9677
103.0681 136.8738
102.9093 136.8486
102.8167 136.7391
102.9562 136.7706
102.9958 136.7263
103.3677 136.7798
103.4005 136.8440
103.2501 136.9894
102.9974 137.0298
102.7468 136.8426
102.6388 136.8606
102.7239 137.0952
102.8575 137.2389
102.7743 137.3209
102.6523 137.4090
102.6664 137.4598
102.7060 137.4483
102.7441 137.4272
102.7632 137.4730
102.5662 137.4026
102.6472 137.4242
102.7749 137.6981
102.6972 137.7233
102.8460 137.7788
102.8795 137.7971
103.0594 137.6994
103.1173 137.6133
103.1109 137.5824
103.0955 137.5431
 Top 50 IG

Top 50 Publicly Traded Investment-Grade Issues by Number of Trades Executed

(excluding convertible bonds, equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING TRADES DEALERS REPORTING
1 SWY.GN SAFEWAY INC 7.250 2/1/2031 BBB 7,163 170
2 PBR4006643 PETROBRAS GLOBAL FIN B V 4.375 5/20/2023 BBB 7,083 191
3 CLF.AC CLIFFS NAT RES INC 6.250 10/1/2040 BBB 6,932 167
4 CLF.AD CLIFFS NAT RES INC 4.875 4/1/2021 BBB 6,195 204
5 AAPL4001809 APPLE INC 2.400 5/3/2023 AA 5,242 163
6 CLF.AB CLIFFS NAT RES INC 4.800 10/1/2020 BBB 4,580 175
7 WFC.NW WACHOVIA CAP TR III 5.570 12/31/3999 BBB 4,486 133
8 PBR3688575 PETROBRAS INTL FIN CO 5.375 1/27/2021 BBB 4,388 172
9 GS.SF GOLDMAN SACHS CAP I 6.345 2/15/2034 BBB 3,975 122
10 AGN.KV ALLERGAN INC 3.375 9/15/2020 A 3,930 157
11 NEM3827984 NEWMONT MNG CORP 3.500 3/15/2022 BBB 3,917 158
12 SWY.HG SAFEWAY INC 5.000 8/15/2019 BBB 3,715 144
13 AVP3979750 AVON PRODS INC 5.000 3/15/2023 BBB 3,621 148
14 PBR4006641 PETROBRAS GLOBAL FIN B V 3.000 1/15/2019 BBB 3,338 140
15 WMB3944430 WILLIAMS COS INC 3.700 1/15/2023 BBB 3,324 137
16 VZ4050437 VERIZON COMMUNICATIONS INC 5.150 9/15/2023 BBB 3,296 125
17 PBR4106372 PETROBRAS GLOBAL FIN B V 6.250 3/17/2024 BBB 3,291 158
18 JPM3999853 JPMORGAN CHASE & CO 3.375 5/1/2023 A 3,263 134
19 SWY.GH SAFEWAY INC 7.450 9/15/2027 BBB 3,249 126
20 GE.HEE GENERAL ELEC CO 5.250 12/6/2017 AA 3,155 140
21 WFC3966349 WELLS FARGO & CO NEW MEDIUM TERM SR NTS BOOK ENTRY 3.450 2/13/2023 A 3,129 138
22 MS4007805 MORGAN STANLEY 4.100 5/22/2023 BBB 3,034 148
23 T3818484 AT&T INC 3.000 2/15/2022 A 2,856 142
24 CLF.AA CLIFFS NAT RES INC 5.900 3/15/2020 BBB 2,788 130
25 PBR4006639 PETROBRAS GLOBAL FIN B V 5.625 5/20/2043 BBB 2,665 137
26 SPLS3952064 STAPLES INC 4.375 1/12/2023 BBB 2,636 142
27 WFC4117332 WELLS FARGO & CO NEW 5.900 12/31/3999 BBB 2,604 85
28 VALE3701084 VALE OVERSEAS LTD 4.375 1/11/2022 BBB 2,555 133
29 AAPL4122390 APPLE INC 3.450 5/6/2024 AA 2,465 169
30 VZ4050432 VERIZON COMMUNICATIONS INC 3.650 9/14/2018 BBB 2,442 93
31 GS4102993 GOLDMAN SACHS GROUP INC 4.000 3/3/2024 A 2,316 125
32 PBI4104274 PITNEY BOWES INC 4.625 3/15/2024 BBB 2,295 121
33 CLF3941513 CLIFFS NAT RES INC 3.950 1/15/2018 BBB 2,294 113
34 GE.HEH GENERAL ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY 5.875 1/14/2038 A 2,274 108
35 GS.YW GOLDMAN SACHS GROUP INC 6.150 4/1/2018 A 2,271 116
36 GS.WL GOLDMAN SACHS GROUP INC 5.625 1/15/2017 BBB 2,255 131
37 PBR4106365 PETROBRAS GLOBAL FIN B V 4.875 3/17/2020 BBB 2,233 124
38 HPQ.HB HEWLETT PACKARD CO 4.650 12/9/2021 BBB 2,216 122
39 FCX3818486 FREEPORT-MCMORAN COPPER & GOLD INC 3.550 3/1/2022 BBB 2,214 125
40 VZ4050439 VERIZON COMMUNICATIONS INC 6.550 9/15/2043 BBB 2,169 83
41 GS.XV GOLDMAN SACHS GROUP INC 6.750 10/1/2037 BBB 2,160 120
42 AGO4136090 ASSURED GTY US HLDGS INC 5.000 7/1/2024 BBB 2,132 116
43 VZ4050430 VERIZON COMMUNICATIONS INC 4.500 9/15/2020 BBB 2,111 97
44 AAPL4122392 APPLE INC 2.850 5/6/2021 AA 2,105 123
45 WU.GF WESTERN UN CO 6.200 11/17/2036 BBB 2,102 114
46 AAPL4001806 APPLE INC 1.000 5/3/2018 AA 2,069 131
47 JPM.JPF JPMORGAN CHASE & CO 6.000 1/15/2018 A 2,063 90
48 HPQ.GZ HEWLETT PACKARD CO 3.750 12/1/2020 BBB 2,058 137
49 GS.VS GOLDMAN SACHS GROUP INC FOR FUTURE EQUITY USE 38144G 6.450 5/1/2036 BBB 2,053 116
50 GE.HFA GENERAL ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY 5.625 5/1/2018 A 2,037 115
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 9 of 45
 Top 50 IG PV

Top 50 Publicly Traded Investment-Grade Issues by Par Value Traded

(excluding convertible bonds, equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING PAR VALUE DEALERS REPORTING
1 VZ4050439 VERIZON COMMUNICATIONS INC 6.55 9/15/2043 BBB 5,341,336,000 83
2 VZ4050437 VERIZON COMMUNICATIONS INC 5.15 9/15/2023 BBB 4,691,099,000 125
3 MS4119530 MORGAN STANLEY 3.875 4/29/2024 A 3,891,825,000 105
4 GS4102993 GOLDMAN SACHS GROUP INC 4 3/3/2024 A 3,641,689,000 125
5 BAC4113180 BANK AMER CORP 4 4/1/2024 A 3,332,751,000 95
6 PBR4106372 PETROBRAS GLOBAL FIN B V 6.250 3/17/2024 BBB 3,240,860,000 158
7 BAC4113176 BANK AMER CORP 2.650 4/1/2019 A 2,746,769,000 99
8 AAPL4122390 APPLE INC 3.450 5/6/2024 AA 2,594,829,000 169
9 C4114236 CITIGROUP INC 2.550 4/8/2019 A 2,254,502,000 130
10 PBR4006643 PETROBRAS GLOBAL FIN B V 4.375 5/20/2023 BBB 2,168,014,000 191
11 PBR3688575 PETROBRAS INTL FIN CO 5.375 1/27/2021 BBB 2,121,109,000 172
12 JPM4124160 JPMORGAN CHASE & CO 3.625 5/13/2024 A 2,055,444,000 109
13 AAPL4001809 APPLE INC 2.400 5/3/2023 AA 2,046,482,000 163
14 VZ4050430 VERIZON COMMUNICATIONS INC 4.500 9/15/2020 BBB 2,027,106,000 97
15 WFC4130435 WELLS FARGO & CO NEW MEDIUM TERM SR NTS BOOK ENTRY 4.100 6/3/2026 A 2,012,380,000 120
16 ECOH4127782 ECOPETROL S A 5.875 5/28/2045 BBB 1,978,727,000 78
17 AAPL4001810 APPLE INC 3.850 5/4/2043 AA 1,967,971,000 120
18 AAPL4122387 APPLE INC 2.100 5/6/2019 AA 1,960,601,000 144
19 MS4091118 MORGAN STANLEY 2.500 1/24/2019 A 1,906,108,000 104
20 BCS4125764 BARCLAYS BK PLC 3.750 5/15/2024 A 1,883,585,000 71
21 GS.XV GOLDMAN SACHS GROUP INC 6.750 10/1/2037 BBB 1,875,365,000 120
22 AAPL4122392 APPLE INC 2.850 5/6/2021 AA 1,872,514,000 123
23 DTV4108272 DIRECTV HOLDINGS LLC 4.450 4/1/2024 BBB 1,805,746,000 94
24 VZ4050434 VERIZON COMMUNICATIONS INC 2.500 9/15/2016 BBB 1,703,391,000 81
25 C4062481 CITIGROUP INC 3.875 10/25/2023 A 1,677,287,000 90
26 GS.SF GOLDMAN SACHS CAP I 6.345 2/15/2034 BBB 1,618,956,000 122
27 VZ4106367 VERIZON COMMUNICATIONS INC 4.150 3/15/2024 BBB 1,612,627,000 95
28 BAC4061814 BANK AMER CORP 2.600 1/15/2019 A 1,600,768,000 104
29 WFC4117304 WELLS FARGO & CO NEW MEDIUM TERM SR NTS BOOK ENTRY 2.125 4/22/2019 A 1,587,229,000 117
30 CPMA4124225 CAIXA ECONOMICA FED GLOBAL MEDIUM TERM NTS BOOK ENTRY REG 4.250 5/13/2019 BBB 1,585,265,000 77
31 WFC4117332 WELLS FARGO & CO NEW 5.900 12/31/3999 BBB 1,567,555,000 85
32 JPM4132024 JPMORGAN CHASE & CO 5.000 12/31/3999 BBB 1,550,680,000 80
33 SMCBF4114481 SIAM COML BK PUB CO LTD GLOBAL MEDIUM TERM SR NTS BOOK ENTRY 3.500 4/7/2019 BBB 1,523,255,000 20
34 BAC4090046 BANK AMER CORP 4.125 1/22/2024 A 1,496,119,000 81
35 NTXFF4116140 BPCE US MEDIUM TERM NTS BOOK ENTRY 3/A2 4.000 4/15/2024 A 1,490,637,000 46
36 JPM4091129 JPMORGAN CHASE & CO 3.875 2/1/2024 A 1,448,828,000 98
37 T4132110 AT&T INC 4.800 6/15/2044 A 1,429,166,000 73
38 GE4125833 GENERAL ELEC CAP CORP MEDIUM TERM NTS BOOK ENTRY 3.450 5/15/2024 A 1,424,723,000 115
39 PBR4106365 PETROBRAS GLOBAL FIN B V 4.875 3/17/2020 BBB 1,424,049,000 124
40 C4122310 CITIGROUP INC 5.300 5/6/2044 BBB 1,387,891,000 72
41 CEO4119707 CNOOC NEXEN FIN 2014 ULC 4.250 4/30/2024 AA 1,327,659,000 69
42 GS4094093 GOLDMAN SACHS GROUP INC 2.625 1/31/2019 A 1,320,814,000 130
43 GS3850614 GOLDMAN SACHS GROUP INC 3.300 5/3/2015 A 1,307,213,000 89
44 T4013484 AT&T INC 4.350 6/15/2045 A 1,303,200,000 80
45 BAC.IOP BANK OF AMERICA CORPORATION 4.500 4/1/2015 A 1,284,005,000 96
46 T4013485 AT&T INC 4.300 12/15/2042 A 1,276,124,000 90
47 AAPL4122395 APPLE INC 1.050 5/5/2017 AA 1,272,827,000 85
48 DTV3851436 DIRECTV HOLDINGS LLC 5.150 3/15/2042 BBB 1,271,394,000 93
49 MS3971120 MORGAN STANLEY 3.750 2/25/2023 A 1,271,046,000 93
50 AAPL4001806 APPLE INC 1.000 5/3/2018 AA 1,269,673,000 131
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 10 of 45
 Top 50 HY

Top 50 Publicly Traded High-Yield Issues by Number of Trades Executed

(excluding convertible bonds, equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING TRADES DEALERS REPORTING
1 PPL.IR PPL ENERGY SUPPLY LLC 4.600 12/15/2021 BB 7,886 202
2 PDVA4080865 PETROLEOS DE VENEZUELA SA 6.000 11/15/2026 NR 5,293 80
3 GS4118921 GOLDMAN SACHS GROUP INC 5.700 12/31/3999 BB 4,483 96
4 PDVA3819980 PETROLEOS DE VENEZUELA SA 8.500 11/2/2017 NR 4,413 102
5 PPL.IC PPL ENERGY SUPPLY LLC 6.000 12/15/2036 BB 4,245 136
6 CDE3959757 COEUR MNG INC 7.875 2/1/2021 B 3,957 110
7 CIB3898329 BANCOLOMBIA S A 5.125 9/11/2022 BB 3,854 116
8 AA.HO ALCOA INC 5.950 2/1/2037 BB 3,812 158
9 BTU3905482 PEABODY ENERGY CORP 6.250 11/15/2021 BB 3,752 144
10 REP4114233 YPF SOCIEDAD ANONIMA 8.750 4/4/2024 NR 3,751 83
11 SFTBF3703037 SPRINT CAP CORP 6.875 11/15/2028 B 3,623 133
12 MCP3983624 MOLYCORP INC DEL 10.000 6/1/2020 CCC 3,528 129
13 PDVA3817801 PETROLEOS DE VENEZUELA SA 12.750 2/17/2022 NR 3,497 111
14 C4120155 CITIGROUP INC 6.300 12/31/3999 BB 3,418 82
15 AU3882696 ANGLOGOLD ASHANTI HLDGS PLC 5.125 8/1/2022 BB 3,375 139
16 FTR3669882 CITIZENS COMMUNICATIONS CO 9.000 8/15/2031 BB 3,365 98
17 ACI4046974 ARCH COAL INC 9.875 6/15/2019 CCC 3,344 122
18 SFTBF3928946 SPRINT NEXTEL CORP 6.000 11/15/2022 B 3,342 109
19 PDVA3818912 PETROLEOS DE VENEZUELA SA 4.900 10/28/2014 NR 3,263 107
20 NSR4029859 NEUSTAR INC 4.500 1/15/2023 B 3,200 110
21 AA.AA ALCOA INC 5.400 4/15/2021 BB 3,180 154
22 ANR3910924 ALPHA NAT RES INC 9.750 4/15/2018 CCC 3,151 124
23 KKR4105360 FIRST DATA CORP 11.750 8/15/2021 CCC 3,049 95
24 NES3879264 HECKMANN CORP 9.875 4/15/2018 B 2,982 111
25 NRG3675326 RRI ENERGY INC 7.875 6/15/2017 B 2,969 78
26 AU4033717 ANGLOGOLD ASHANTI HLDGS PLC 8.500 7/30/2020 BB 2,822 119
27 CTL.HC CENTURYLINK INC 7.600 9/15/2039 BB 2,752 111
28 SLM3958945 SLM CORP MEDIUM TERM NTS BOOK ENTRY 5.500 1/25/2023 BB 2,731 131
29 VCMZ.AB VOLCAN COMPANIA MINERA SA VOLCAN LIMA 5.375 2/26/2022 NR 2,730 82
30 MLET3940243 CAESARS ENTMT OPER CO INC 8.500 2/15/2020 CCC 2,717 120
31 ADT3997702 ADT CORP 4.125 6/15/2023 BB 2,717 104
32 CCCX3917899 COMMUNITY CHOICE FINL INC 10.750 5/1/2019 B 2,715 124
33 ACI3855311 ARCH COAL INC 7.000 6/15/2019 CCC 2,684 125
34 SHLD.JE SEARS HLDGS CORP 6.625 10/15/2018 B 2,675 136
35 AKS.GH AK STL CORP 7.625 5/15/2020 CCC 2,641 123
36 MS4119117 MORGAN STANLEY 5.450 12/31/3999 BB 2,500 84
37 WIN3982620 WINDSTREAM CORP 6.375 8/1/2023 B 2,493 83
38 CTL3828009 CENTURYLINK INC 7.650 3/15/2042 BB 2,472 95
39 OKE.AA ONEOK INC NEW 4.250 2/1/2022 BB 2,444 115
40 FST.GO FOREST OIL CORP 7.250 6/15/2019 CCC 2,424 132
41 HOS3982287 HORNBECK OFFSHORE SVCS INC NEW 5.000 3/1/2021 BB 2,358 96
42 PDVA3854937 PETROLEOS DE VENEZUELA SA 5.000 10/28/2015 NR 2,336 82
43 BTU.GI PEABODY ENERGY CORP 6.500 9/15/2020 BB 2,313 117
44 IEP4121535 ICAHN ENTERPRISES LP 5.875 2/1/2022 BB 2,313 100
45 X.GF UNITED STS STL CORP NEW 6.650 6/1/2037 BB 2,306 118
46 SFY3845878 SWIFT ENERGY CO 7.875 3/1/2022 B 2,284 91
47 GTI4038624 GRAFTECH INTL LTD 6.375 11/15/2020 BB 2,256 81
48 PDVA3876794 PETROLEOS DE VENEZUELA SA 9.750 5/17/2035 NR 2,172 94
49 AU.GC ANGLOGOLD ASHANTI HLDGS PLC 5.375 4/15/2020 BB 2,169 125
50 EGN.IA ENERGEN CORP 4.625 9/1/2021 BB 2,163 99
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 11 of 45
 Top 50 HY PV

Top 50 Publicly Traded High-Yield Issues by Par Value Traded

(excluding convertible bonds, equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING PAR VALUE
1 PDVA4080865 PETROLEOS DE VENEZUELA SA 6 11/15/2026 NR 9,690,692,742
2 PDVA3818912 PETROLEOS DE VENEZUELA SA 4.9 10/28/2014 NR 7,094,655,783
3 PDVA3819980 PETROLEOS DE VENEZUELA SA 8.5 11/2/2017 NR 5,289,784,600
4 MLET3940243 CAESARS ENTMT OPER CO INC 8.5 2/15/2020 CCC 3,704,030,000
5 TXU.LI TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC 10.25 11/1/2015 NR 3,082,320,000
6 COEA4035601 CAESARS OP ESC LLC/CAESARS ESCROW CORP 9.000 2/15/2020 CCC 2,938,287,000
7 MLET3677470 HARRAHS OPER INC 10.000 12/15/2018 C 2,696,534,000
8 PDVA3820964 PETROLEOS DE VENEZUELA SA 5.375 4/12/2027 NR 2,646,723,100
9 PDVA3876794 PETROLEOS DE VENEZUELA SA 9.750 5/17/2035 NR 2,566,993,440
10 PDVA3817801 PETROLEOS DE VENEZUELA SA 12.750 2/17/2022 NR 2,531,489,440
11 MLET3677469 HARRAHS OPER INC 11.250 6/1/2017 CCC 2,487,557,000
12 KKR4105360 FIRST DATA CORP 11.750 8/15/2021 CCC 2,466,732,750
13 COEA4035602 CAESARS OP ESC LLC/CAESARS ESCROW CORP 9.000 2/15/2020 CCC 2,363,014,000
14 PDVA3846724 PETROLEOS DE VENEZUELA SA 9.000 11/17/2021 NR 2,250,238,251
15 C4120155 CITIGROUP INC 6.300 12/31/3999 BB 2,122,380,000
16 PDVA3819976 PETROLEOS DE VENEZUELA SA 5.250 4/12/2017 NR 2,097,468,800
17 RBS4127992 ROYAL BK SCOTLAND GROUP PLC 5.125 5/28/2024 BB 2,073,803,000
18 LYG4115459 LLOYDS BANKING GROUP PLC 7.500 12/31/3999 BB 1,997,464,000
19 GS4118921 GOLDMAN SACHS GROUP INC 5.700 12/31/3999 BB 1,968,403,000
20 BDORY4134879 BANCO DO BRASIL S A GRAND CAYMAN BRH 9.000 12/31/3999 NR 1,940,433,000
21 WF4119518 WOORI BK GLOBAL MEDIUM TERM SUB BK NTS BOOK ENTRY 4.750 4/30/2024 BB 1,857,713,000
22 MS4119117 MORGAN STANLEY 5.450 12/31/3999 BB 1,829,210,000
23 PDVA3854935 PETROLEOS DE VENEZUELA SA 5.500 4/12/2037 NR 1,776,137,300
24 CCMO4094541 CLEAR CHANNEL COMMUNICATIONS INC 12.000 2/1/2021 CC 1,635,018,463
25 TXU.LJ TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC 10.250 11/1/2015 NR 1,606,926,000
26 TEFH3684622 ENERGY FUTURE INTER HLDG CO LLC 10.000 12/1/2020 NR 1,600,745,000
27 FST.GO FOREST OIL CORP 7.250 6/15/2019 CCC 1,514,555,000
28 REP4114233 YPF SOCIEDAD ANONIMA 8.750 4/4/2024 NR 1,444,934,000
29 CHK4116807 CHESAPEAKE ENERGY CORP 4.875 4/15/2022 BB 1,438,567,000
30 RBS4081543 ROYAL BK SCOTLAND GROUP PLC 6.000 12/19/2023 BB 1,389,677,000
31 SFTBF3703037 SPRINT CAP CORP 6.875 11/15/2028 B 1,317,109,000
32 BMET4024073 BIOMET INC 6.500 8/1/2020 B 1,315,110,000
33 MPMF3947118 MPM ESCROW LLC/MPM FINANCE ESCROW 8.875 10/15/2020 NR 1,287,279,000
34 PDVA3854937 PETROLEOS DE VENEZUELA SA 5.000 10/28/2015 NR 1,235,774,006
35 KKR3700421 FIRST DATA CORP 12.625 1/15/2021 CCC 1,219,643,000
36 DVA4134407 DAVITA HEALTHCARE PARTNERS INC 5.125 7/15/2024 B 1,213,970,000
37 BCS3930817 BARCLAYS BK PLC 7.625 11/21/2022 BB 1,211,010,000
38 CHK4116808 CHESAPEAKE ENERGY CORP 3.479 4/15/2019 BB 1,193,011,000
39 CPMA3960673 BANCO DO BRASIL SA GRAND CAYMAN BRANCH 6.250 12/31/3999 NR 1,159,576,000
40 BCS4070831 BARCLAYS PLC 8.250 12/31/3999 B 1,146,585,000
41 SAN4125343 BANCO SANTANDER S A 6.375 12/31/3999 NR 1,128,855,000
42 SBKF4116693 STATE BANK INDIA LONDON BRANCH 4/17/2019 NR 1,112,813,000
43 DNR4117942 DENBURY RES INC 5.500 5/1/2022 B 1,081,221,000
44 GGB4116411 GTL TRADE FINANCE INC 7.250 4/16/2044 NR 1,068,796,000
45 HCA4103958 HCA INC 5.000 3/15/2024 BB 1,057,554,000
46 ISNP4137003 INTESA SANPAOLO S P A 5.017 6/26/2024 BB 1,040,623,000
47 TXU3815281 TEXAS COMPETITIVE ELECTRIC HOLDINGS COMPANY LLC 15.000 4/1/2021 NR 1,031,595,000
48 SHLD.JE SEARS HLDGS CORP 6.625 10/15/2018 B 1,024,188,000
49 PPL.IR PPL ENERGY SUPPLY LLC 4.600 12/15/2021 BB 1,019,422,000
50 BTU3905482 PEABODY ENERGY CORP 6.250 11/15/2021 BB 1,004,206,000
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 12 of 45
 Top 50 HY PV

DEALERS REPORTING
80
107
102
120
40
53
80
85
94
111
100
95
47
95
82
86
71
45
96
84
15
84
77
48
41
42
132
83
72
68
133
41
47
82
77
62
133
54
77
50
63
17
61
73
67
40
37
136
202
144

Page 13 of 45
 Top 25 Conv

Top 25 Publicly Traded Convertible Bond Issues by Number of Trades Executed

(excluding equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING TRADES
1 TSLA4103351 TESLA MTRS INC 1.250 3/1/2021 B 1,194
2 RTI3994762 RTI INTL METALS INC 1.625 10/15/2019 NR 957
3 INTC.GE INTEL CORP 3.250 8/1/2039 A 924
4 WLP4071285 WELLPOINT INC 2.750 10/15/2042 BBB 759
5 DRYS.GA DRYSHIPS INC 5.000 12/1/2014 NR 758
6 INTC.GD INTEL CORP 2.950 12/15/2035 A 734
7 CRM4110231 SALESFORCE COM INC 0.250 4/1/2018 NR 690
8 MGM3691114 MGM RESORTS INTL 4.250 4/15/2015 B 689
9 PCLN3983055 PRICELINE GRP INC 1.000 3/15/2018 BBB 681
10 CIE3943553 COBALT INTL ENERGY INC 2.625 12/1/2019 NR 677
11 VOLC3940044 VOLCANO CORP 1.750 12/1/2017 NR 674
12 TSLA4103350 TESLA MTRS INC 0.250 3/1/2019 B 657
13 NUAN3923539 NUANCE COMMUNICATIONS INC 2.750 11/1/2031 BB 622
14 LRCX3854912 NOVELLUS SYS INC 2.625 5/15/2041 BBB 604
15 BGC.GJ GENERAL CABLE CORP DEL NEW 4.500 11/15/2029 B 604
16 F.GST FORD MTR CO DEL 4.250 11/15/2016 BBB 584
17 GILD.GL GILEAD SCIENCES INC 1.625 5/1/2016 A 583
18 SRC4126788 SPIRIT RLTY CAP INC NEW 2.875 5/15/2019 NR 576
19 VIPS4106886 VIPSHOP HLDGS LTD 1.500 3/15/2019 NR 570
20 ARCC3853674 ARES CAP CORP 5.750 2/1/2016 BBB 543
21 XLNX.GD XILINX INC 2.625 6/15/2017 A 533
22 HOLX3826542 HOLOGIC INC 2.000 3/1/2042 B 521
23 TEVA.GJ TEVA PHARMACEUTICAL FIN CO LLC 0.250 2/1/2026 A 520
24 SNDK.GD SANDISK CORP 1.500 8/15/2017 BB 508
25 CIEN3670956 CIENA CORP 0.875 6/15/2017 B 504
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 14 of 45
 Top 25 Conv

DEALERS REPORTING
63
36
46
41
72
47
38
45
41
42
38
41
37
33
25
34
32
39
30
34
39
40
32
47
40

Page 15 of 45
 Top 25 Conv PV

Top 25 Publicly Traded Convertible Bond Issues by Par Value Traded

(excluding equity CUSIPs and 144As)
Rank SYMBOL ISSUER NAME COUPON MATURITY RATING PAR VALUE
1 MU4069055 MICRON TECHNOLOGY INC 3.000 11/15/2043 BB 1,676,159,000
2 TSLA4103351 TESLA MTRS INC 1.250 3/1/2021 B 1,435,818,000
3 WLP4071285 WELLPOINT INC 2.750 10/15/2042 BBB 1,274,253,225
4 TSLA4103350 TESLA MTRS INC 0.250 3/1/2019 B 1,252,080,000
5 INTC.GE INTEL CORP 3.250 8/1/2039 A 1,165,062,000
6 VIPS4106886 VIPSHOP HLDGS LTD 1.500 3/15/2019 NR 887,059,000
7 CIE3943553 COBALT INTL ENERGY INC 2.625 12/1/2019 NR 869,248,000
8 ENDP.GB ENDO HEALTH SOLUTIONS INC 1.750 4/15/2015 NR 819,911,000
9 SNDK.GD SANDISK CORP 1.500 8/15/2017 BB 759,481,000
10 CX3832064 CEMEX S A B DE C V 3.250 3/15/2016 NR 731,616,000
11 SRC4126788 SPIRIT RLTY CAP INC NEW 2.875 5/15/2019 NR 689,486,000
12 CIE4125168 COBALT INTL ENERGY INC 3.125 5/15/2024 NR 675,211,000
13 INTC.GD INTEL CORP 2.950 12/15/2035 A 675,101,000
14 ARCP4031781 AMERICAN RLTY CAP PPTYS INC 3.000 8/1/2018 NR 654,575,000
15 LPNT.GE LifePoint Hospitals, Inc. 3.500 5/15/2014 NR 641,705,000
16 MGM3691114 MGM RESORTS INTL 4.250 4/15/2015 B 626,971,000
17 CRM4110231 SALESFORCE COM INC 0.250 4/1/2018 NR 607,207,000
18 SRC4126790 SPIRIT RLTY CAP INC NEW 3.750 5/15/2021 NR 579,112,000
19 LLL.GR L-3 COMMUNICATIONS CORP 3.000 8/1/2035 BB 555,347,000
20 LLTC.GC LINEAR TECHNOLOGY CORP 3.000 5/1/2027 NR 543,879,000
21 PCLN3983055 PRICELINE GRP INC 1.000 3/15/2018 BBB 521,512,000
22 TSLA4007901 TESLA MTRS INC 1.500 6/1/2018 B 502,873,000
23 ERTS3876767 ELECTRONIC ARTS INC 0.750 7/15/2016 NR 475,322,000
24 MCHP.GB MICROCHIP TECHNOLOGY INC 2.125 12/15/2037 NR 463,791,000
25 MOH4112145 MOLINA HEALTHCARE INC 1.125 1/15/2020 NR 448,469,000
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 16 of 45
 Top 25 Conv PV

DEALERS REPORTING
25
63
41
41
46
30
42
24
47
17
39
20
47
27
26
45
38
31
42
31
41
25
35
33
27

Page 17 of 45
Corporate P1 Trades
(excluding equity CUSIPs)
(Average Daily) Q2 2014
Total (including 144A issues) 2,253
144A Issues Only 355
Publicly Traded 1,898
>= 25,000,000 70
>= 1,000,000 < 25,000,000 575
>= 100,000 < 1,000,000 429
< 100,000 1,179
EXCLUDING CONVERTIBLES 2,178
>= 25,000,000 69
>= 1,000,000 < 25,000,000 548
>= 100,000 < 1,000,000 419
< 100,000 1,142
Publicly Traded 1,847
Investment Grade 818
>= 25,000,000 43
>= 1,000,000 < 25,000,000 291
>= 100,000 < 1,000,000 171
< 100,000 313
High Yield 1,360
>= 25,000,000 26
>= 1,000,000 < 25,000,000 257
>= 100,000 < 1,000,000 248
< 100,000 829
Customer Buy 1,879
Customer Sell 19
Interdealer 280
Agency 79
Principal 2,099
Fixed Coupon 1,053
Floating Rate 647
Other 478
CONVERTIBLES 75
>= 25,000,000 1
>= 1,000,000 < 25,000,000 27
>= 100,000 < 1,000,000 10
< 100,000 37
Publicly Traded 51
Investment Grade 4
>= 25,000,000 0
>= 1,000,000 < 25,000,000 3
>= 100,000 < 1,000,000 0
< 100,000 0
High Yield 72
>= 25,000,000 1
>= 1,000,000 < 25,000,000 24
>= 100,000 < 1,000,000 10
< 100,000 37
Customer Buy 62
Customer Sell 1
Interdealer 13
Agency 1
Principal 74
Fixed Coupon 57
Floating Rate 18
Other 0
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)
 IG Trades

Investment Grade S1 Trades

(excluding convertible bonds and equity CUSIPs)
(Average Daily)
Total
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
144A
Publicly Traded
Customer Buy
Customer Sell
Interdealer
Agency
Principal
Fixed Coupon
Floating Rate
Other
AAA
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
AA
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
A
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
BBB

Page 19 of 45
 HY Trades

High-Yield S1 Trades
(excluding convertible bonds and equity CUSIPs)

(Average Daily)
Total
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
144A
Publicly Traded
Customer Buy
Customer Sell
Interdealer
Agency
Principal
Fixed Coupon
Floating Rate
Other
BB
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
B
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CCC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
C
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
D
>= 25,000,000
>= 1,000,000 and < 25,000,000

Page 20 of 45
 Conv IG Trades

Convertible Investment Grade S1 Trades

(excluding equity CUSIPs)
(Average Daily) Q2 2014
Total 221
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 62
>= 100,000 and < 1,000,000 34
< 100,000 125
144A 26
Publicly Traded 195
Customer Buy 72
Customer Sell 89
Interdealer 60
Agency 56
Principal 165
Fixed Coupon 211
Floating Rate 11
Other 0
AAA 1
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 0
>= 100,000 and < 1,000,000 0
< 100,000 0
AA 1
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 0
>= 100,000 and < 1,000,000 0
< 100,000 1
A 60
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 13
>= 100,000 and < 1,000,000 9
< 100,000 38
BBB 160
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 50
>= 100,000 and < 1,000,000 24
< 100,000 86
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 21 of 45
 Conv HY Trades

Convertible High-Yield S1 Trades

(excluding equity CUSIPs)
(Average Daily)
Total
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
144A
Publicly Traded
Customer Buy
Customer Sell
Interdealer
Agency
Principal
Fixed Coupon
Floating Rate
Other
BB
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
B
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CCC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
C
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
D
>= 25,000,000

Page 22 of 45
Corporate P1 Par Value Traded
(excluding equity CUSIPs)
(Average Daily) Q2 2014
Total (including 144A issues) 7,787,911,032
144A Issues Only 2,965,402,000
Publicly Traded 4,822,509,032
>= 25,000,000 4,523,435,459
>= 1,000,000 < 25,000,000 3,105,832,400
>= 100,000 < 1,000,000 129,531,933
< 100,000 29,111,241
EXCLUDING CONVERTIBLES 7,619,925,341
>= 25,000,000 4,480,189,427
>= 1,000,000 < 25,000,000 2,985,276,685
>= 100,000 < 1,000,000 126,114,171
< 100,000 28,345,059
Publicly Traded 4,763,760,167
Investment Grade 4,468,076,881
>= 25,000,000 2,741,787,222
>= 1,000,000 < 25,000,000 1,659,110,778
>= 100,000 < 1,000,000 59,222,833
< 100,000 7,956,048
High Yield 3,151,848,460
>= 25,000,000 1,738,402,205
>= 1,000,000 < 25,000,000 1,326,165,907
>= 100,000 < 1,000,000 66,891,337
< 100,000 20,389,011
Customer Buy 6,808,542,978
Customer Sell 618,462,906
Interdealer 192,919,457
Agency 108,826,190
Principal 7,511,099,151
Fixed Coupon 5,904,974,644
Floating Rate 1,049,865,147
Other 665,085,550
CONVERTIBLES 167,985,690
>= 25,000,000 43,246,032
>= 1,000,000 < 25,000,000 120,555,714
>= 100,000 < 1,000,000 3,417,762
< 100,000 766,183
Publicly Traded 58,748,865
Investment Grade 30,960,317
>= 25,000,000 9,682,540
>= 1,000,000 < 25,000,000 21,114,286
>= 100,000 < 1,000,000 163,492
< 100,000 0
High Yield 137,025,373
>= 25,000,000 33,563,492
>= 1,000,000 < 25,000,000 99,441,429
>= 100,000 < 1,000,000 3,254,270
< 100,000 766,183
Customer Buy 162,757,151
Customer Sell 2,898,413
Interdealer 2,330,127
Agency 2,898,571
Principal 165,087,119
Fixed Coupon 143,249,405
Floating Rate 24,736,286
Other 0
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)
 IG PV

Investment Grade S1 Par Value Traded

(excluding convertible bonds and equity CUSIPs)
(Average Daily) Q2 2014
Total 15,930,020,722
>= 25,000,000 1,663,652,594
>= 1,000,000 and < 25,000,000 12,240,075,444
>= 100,000 and < 1,000,000 1,657,203,020
< 100,000 369,089,664
144A 2,328,339,953
Publicly Traded 13,601,680,769
Customer Buy 6,218,787,770
Customer Sell 6,415,209,779
Interdealer 3,296,023,173
Agency 743,278,358
Principal 15,186,742,364
Fixed Coupon 14,507,405,081
Floating Rate 1,422,181,545
Other 434,096
AAA 410,205,120
>= 25,000,000 152,488,857
>= 1,000,000 and < 25,000,000 237,073,603
>= 100,000 and < 1,000,000 17,577,854
< 100,000 3,064,806
AA 1,908,861,183
>= 25,000,000 313,382,190
>= 1,000,000 and < 25,000,000 1,401,116,130
>= 100,000 and < 1,000,000 166,253,681
< 100,000 28,109,181
A 6,477,004,609
>= 25,000,000 716,494,938
>= 1,000,000 and < 25,000,000 4,931,541,331
>= 100,000 and < 1,000,000 675,510,097
< 100,000 153,458,243
BBB 7,133,949,810
>= 25,000,000 481,286,609
>= 1,000,000 and < 25,000,000 5,670,344,380
>= 100,000 and < 1,000,000 797,861,388
< 100,000 184,457,434
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 24 of 45
 HY PV

High-Yield S1 Par Value Traded

(excluding convertible bonds and equity CUSIPs)

(Average Daily)
Total
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
144A
Publicly Traded
Customer Buy
Customer Sell
Interdealer
Agency
Principal
Fixed Coupon
Floating Rate
Other
BB
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
B
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CCC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
CC
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000
< 100,000
C
>= 25,000,000
>= 1,000,000 and < 25,000,000
>= 100,000 and < 1,000,000

Page 25 of 45
 HY PV
< 100,000
D
>= 25,000,000
>= 1,000,000 and < 25,000,000

Page 26 of 45
 Conv IG PV

Convertible Investment Grade S1 Par Value Traded

(excluding equity CUSIPs)
(Average Daily) Q2 2014
Total 206,742,464
>= 25,000,000 6,254,063
>= 1,000,000 and < 25,000,000 186,442,333
>= 100,000 and < 1,000,000 12,594,302
< 100,000 1,451,765
144A 67,927,286
Publicly Traded 138,815,178
Customer Buy 92,847,845
Customer Sell 96,463,698
Interdealer 17,430,921
Agency 6,745,889
Principal 199,996,575
Fixed Coupon 202,597,194
Floating Rate 4,145,270
Other 0
AAA 313,270
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 259,206
>= 100,000 and < 1,000,000 49,254
< 100,000 4,810
AA 79,778
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 27,937
>= 100,000 and < 1,000,000 30,698
< 100,000 21,143
A 40,328,286
>= 25,000,000 954,762
>= 1,000,000 and < 25,000,000 35,758,016
>= 100,000 and < 1,000,000 3,239,143
< 100,000 376,365
BBB 166,021,131
>= 25,000,000 5,299,302
>= 1,000,000 and < 25,000,000 150,397,175
>= 100,000 and < 1,000,000 9,275,206
< 100,000 1,049,448
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 27 of 45
 Conv HY PV

Convertible High-Yield S1 Par Value Traded

(excluding equity CUSIPs)

(Average Daily) Q2 2014

Total 1,234,718,422
>= 25,000,000 59,547,540
>= 1,000,000 and < 25,000,000 1,091,557,923
>= 100,000 and < 1,000,000 76,447,129
< 100,000 7,165,830
144A 485,478,667
Publicly Traded 749,239,755
Customer Buy 555,583,939
Customer Sell 572,736,868
Interdealer 106,397,615
Agency 35,286,278
Principal 1,199,432,144
Fixed Coupon 1,146,678,216
Floating Rate 88,040,206
Other 0
BB 203,837,345
>= 25,000,000 12,142,746
>= 1,000,000 and < 25,000,000 178,760,173
>= 100,000 and < 1,000,000 11,787,033
< 100,000 1,147,393
B 158,106,397
>= 25,000,000 414,286
>= 1,000,000 and < 25,000,000 145,843,730
>= 100,000 and < 1,000,000 10,522,587
< 100,000 1,325,794
CCC 28,888,437
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 26,044,643
>= 100,000 and < 1,000,000 2,374,810
< 100,000 468,984
CC 8,158,397
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 7,702,540
>= 100,000 and < 1,000,000 428,302
< 100,000 27,556
C 0
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 0
>= 100,000 and < 1,000,000 0
< 100,000 0
D 0
Page 28 of 45
 Conv HY PV
>= 25,000,000 0
>= 1,000,000 and < 25,000,000 0
>= 100,000 and < 1,000,000 0
< 100,000 0
NA/NR 835,727,847
>= 25,000,000 46,990,508
>= 1,000,000 and < 25,000,000 733,206,838
>= 100,000 and < 1,000,000 51,334,398
< 100,000 4,196,104
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 29 of 45
 IG Buy-Sell Ratio

Ratio of Investment Grade Customer Buy to Customer Sell S1 Par Value Traded by Maturity
Bands
(exclusing convertible bonds and equity CUSIPs)
Q2 2014
Gross Net Ratio
>= 25,000,000 74,890,965,000 -5,495,977,000 0.86
>= 1,000,000 and < 25,000,000 514,375,842,883 -11,498,825,304 0.96
>= 100,000 and < 1,000,000 66,970,540,211 6,192,872,905 1.20
< 100,000 13,978,985,832 2,328,353,556 1.40
<1 Yr. Maturity Band 52,458,669,344 975,297,646 1.04
AAA 160,045,000 55,447,000 2.06
>= 25,000,000 55,000,000 55,000,000 n.a
>= 1,000,000 and < 25,000,000 98,565,000 -635,000 0.99
>= 100,000 and < 1,000,000 5,943,000 1,201,000 1.51
< 100,000 537,000 -119,000 0.64
AA 7,896,902,064 298,304,079 1.08
>= 25,000,000 2,328,034,000 -29,630,000 0.97
>= 1,000,000 and < 25,000,000 5,031,537,000 402,485,000 1.17
>= 100,000 and < 1,000,000 482,834,000 -57,998,000 0.79
< 100,000 54,497,064 -16,552,921 0.53
A 30,832,907,280 442,939,567 1.03
>= 25,000,000 7,853,054,000 -313,730,000 0.92
>= 1,000,000 and < 25,000,000 19,886,763,284 1,003,174,624 1.11
>= 100,000 and < 1,000,000 2,689,479,834 -139,202,390 0.90
< 100,000 403,610,161 -107,302,667 0.58
BBB 13,568,815,000 178,607,000 1.03
>= 25,000,000 1,669,186,000 155,324,000 1.21
>= 1,000,000 and < 25,000,000 10,165,048,000 139,202,000 1.03
>= 100,000 and < 1,000,000 1,506,475,000 -75,967,000 0.90
< 100,000 228,106,000 -39,952,000 0.70
1-5 Yr. Maturity Band 242,841,284,387 -989,818,535 0.99
AAA 4,347,254,000 -66,782,000 0.97
>= 25,000,000 1,318,563,000 15,253,000 1.02
>= 1,000,000 and < 25,000,000 2,760,325,000 -135,393,000 0.91
>= 100,000 and < 1,000,000 230,444,000 44,132,000 1.47
< 100,000 37,922,000 9,226,000 1.64
AA 43,870,992,436 396,464,000 1.02
>= 25,000,000 9,600,816,000 -616,144,000 0.88
>= 1,000,000 and < 25,000,000 30,247,580,000 554,690,000 1.04

Page 30 of 45
 IG Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 100,000 and < 1,000,000 3,502,589,000 375,313,000 1.24
< 100,000 520,007,436 82,605,000 1.38
A 119,181,484,132 -101,907,212 1.00
>= 25,000,000 18,546,257,000 -1,215,501,000 0.88
>= 1,000,000 and < 25,000,000 85,242,847,000 -682,999,000 0.98
>= 100,000 and < 1,000,000 12,757,839,232 1,507,390,500 1.27
< 100,000 2,634,540,900 289,202,288 1.25
BBB 75,441,553,819 -1,217,593,322 0.97
>= 25,000,000 7,617,238,000 -481,898,000 0.88
>= 1,000,000 and < 25,000,000 56,301,270,133 -1,642,323,392 0.94
>= 100,000 and < 1,000,000 9,579,791,735 746,573,148 1.17
< 100,000 1,943,253,951 160,054,922 1.18
5-10 Yr. Maturity Band 211,709,101,368 -5,779,235,121 0.95
AAA 1,299,492,548 -2,184,548 1.00
>= 25,000,000 132,055,000 -71,355,000 0.30
>= 1,000,000 and < 25,000,000 964,479,000 26,643,000 1.06
>= 100,000 and < 1,000,000 155,423,774 24,570,226 1.38
< 100,000 47,534,774 17,957,226 2.21
AA 18,727,049,228 -1,097,165,287 0.89
>= 25,000,000 1,325,728,000 -324,618,000 0.61
>= 1,000,000 and < 25,000,000 15,109,716,293 -1,385,983,769 0.83
>= 100,000 and < 1,000,000 1,875,376,804 411,752,532 1.56
< 100,000 416,228,131 201,683,951 2.88
A 76,346,036,288 -2,163,103,511 0.94
>= 25,000,000 6,259,631,000 -1,243,553,000 0.67
>= 1,000,000 and < 25,000,000 61,061,977,633 -2,516,050,000 0.92
>= 100,000 and < 1,000,000 7,254,173,573 1,033,106,255 1.33
< 100,000 1,770,254,083 563,393,234 1.93
BBB 115,336,523,303 -2,516,781,775 0.96
>= 25,000,000 9,469,668,000 -905,058,000 0.83
>= 1,000,000 and < 25,000,000 91,579,808,920 -3,739,162,834 0.92
>= 100,000 and < 1,000,000 11,437,875,152 1,270,440,900 1.25
< 100,000 2,849,171,231 856,998,159 1.86
10-20 Yr. Maturity Band 35,607,248,684 -2,118,377,595 0.89
AAA 174,757,000 19,625,000 1.25
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 151,900,000 9,002,000 1.13
>= 100,000 and < 1,000,000 18,595,000 9,047,000 2.90

Page 31 of 45
 IG Buy-Sell Ratio

Q2 2014
Gross Net Ratio
< 100,000 4,262,000 1,576,000 2.17
AA 2,351,566,975 -124,517,590 0.90
>= 25,000,000 125,000,000 75,000,000 4.00
>= 1,000,000 and < 25,000,000 2,005,831,028 -213,610,105 0.81
>= 100,000 and < 1,000,000 183,462,521 1,827,203 1.02
< 100,000 37,273,427 12,265,312 1.98
A 12,588,915,056 -1,039,308,059 0.85
>= 25,000,000 645,668,000 -108,748,000 0.71
>= 1,000,000 and < 25,000,000 10,238,834,408 -1,011,788,743 0.82
>= 100,000 and < 1,000,000 1,130,146,905 -17,301,518 0.97
< 100,000 574,265,743 98,530,203 1.41
BBB 20,492,009,653 -974,176,947 0.91
>= 25,000,000 1,326,141,000 -31,079,000 0.95
>= 1,000,000 and < 25,000,000 16,471,039,304 -1,087,803,134 0.88
>= 100,000 and < 1,000,000 2,010,394,725 6,322,373 1.01
< 100,000 684,434,623 138,382,813 1.51
20+ Yr. Maturity Band 127,600,030,143 -561,442,239 0.99
AAA 1,583,339,000 -8,909,000 0.99
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,432,739,000 -8,403,000 0.99
>= 100,000 and < 1,000,000 133,218,000 -4,804,000 0.93
< 100,000 17,382,000 4,298,000 1.66
AA 9,196,161,000 45,909,000 1.01
>= 25,000,000 631,136,000 5,768,000 1.02
>= 1,000,000 and < 25,000,000 7,585,747,000 -80,963,000 0.98
>= 100,000 and < 1,000,000 888,547,000 103,221,000 1.26
< 100,000 90,731,000 17,883,000 1.49
A 42,766,956,850 -80,852,850 1.00
>= 25,000,000 2,253,094,000 115,624,000 1.11
>= 1,000,000 and < 25,000,000 35,781,469,750 -466,263,750 0.97
>= 100,000 and < 1,000,000 4,244,056,000 277,704,000 1.14
< 100,000 488,337,100 -7,917,100 0.97
BBB 74,053,573,293 -517,589,389 0.99
>= 25,000,000 3,734,696,000 -576,632,000 0.73
>= 1,000,000 and < 25,000,000 62,258,365,129 -662,643,200 0.98
>= 100,000 and < 1,000,000 6,883,874,955 675,544,675 1.22
< 100,000 1,176,637,209 46,141,136 1.08
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 32 of 45
 HY Buy-Sell Ratio

Ratio of High-Yield Customer Buy to Customer Sell S1 Par Value Traded by Maturity Bands
(excluding convertibles and equity CUSIPs)
Q2 2014
Gross Net Ratio
>= 25,000,000 37,022,537,132 -148,819,862 0.99
>= 1,000,000 and < 25,000,000 321,630,777,535 -1,940,103,386 0.99
>= 100,000 and < 1,000,000 57,330,702,170 1,594,965,716 1.06
< 100,000 7,373,361,566 1,284,369,794 1.42
<1 Yr. Maturity Band 19,367,170,794 -419,783,716 0.96
BB 2,791,416,000 -130,438,000 0.91
>= 25,000,000 525,328,000 -50,330,000 0.83
>= 1,000,000 and < 25,000,000 1,940,968,000 -17,162,000 0.98
>= 100,000 and < 1,000,000 257,897,000 -67,349,000 0.59
< 100,000 67,223,000 4,403,000 1.14
B 768,512,081 12,425,919 1.03
>= 25,000,000 281,236,000 -12,290,000 0.92
>= 1,000,000 and < 25,000,000 437,529,000 30,023,000 1.15
>= 100,000 and < 1,000,000 35,514,000 -4,702,000 0.77
< 100,000 14,233,081 -605,081 0.92
CCC 200,340,602 -16,784,588 0.85
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 187,418,190 -17,824,606 0.83
>= 100,000 and < 1,000,000 10,785,343 2,149,087 1.50
< 100,000 2,137,069 -1,109,069 0.32
CC 10,000 -10,000 0.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 10,000 -10,000 0.00
C 51,721,000 -1,131,000 0.96
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 39,699,000 -881,000 0.96
>= 100,000 and < 1,000,000 4,167,000 763,000 1.45
< 100,000 7,855,000 -1,013,000 0.77
D 9,514 0 1.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.

Page 33 of 45
 HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
< 100,000 9,514 0 1.00
NA/NR 15,555,161,597 -283,846,047 0.96
>= 25,000,000 4,082,716,700 -201,242,000 0.91
>= 1,000,000 and < 25,000,000 9,999,931,127 223,570,805 1.05
>= 100,000 and < 1,000,000 1,271,008,782 -211,426,356 0.71
< 100,000 201,504,988 -94,748,495 0.36
1-5 Yr. Maturity Band 120,556,131,189 865,543,588 1.01
BB 26,905,235,045 -582,376,092 0.96
>= 25,000,000 1,954,398,000 -271,466,000 0.76
>= 1,000,000 and < 25,000,000 21,546,653,933 -349,501,827 0.97
>= 100,000 and < 1,000,000 2,854,255,382 2,527,334 1.00
< 100,000 549,927,729 36,064,401 1.14
B 23,291,215,545 -325,171,426 0.97
>= 25,000,000 2,504,862,000 -343,192,000 0.76
>= 1,000,000 and < 25,000,000 18,220,484,305 -56,815,000 0.99
>= 100,000 and < 1,000,000 2,142,814,000 -19,080,000 0.98
< 100,000 423,055,239 93,915,574 1.57
CCC 18,229,727,797 80,881,209 1.01
>= 25,000,000 1,900,262,000 -96,606,000 0.90
>= 1,000,000 and < 25,000,000 14,762,283,927 147,432,759 1.02
>= 100,000 and < 1,000,000 1,245,274,106 -5,511,036 0.99
< 100,000 321,907,764 35,565,486 1.25
CC 1,432,263,320 -17,699,998 0.98
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,326,108,178 -30,893,224 0.95
>= 100,000 and < 1,000,000 83,278,983 6,733,385 1.18
< 100,000 22,876,159 6,459,841 1.79
C 4,316,246,290 163,494,000 1.08
>= 25,000,000 854,919,000 165,081,000 1.48
>= 1,000,000 and < 25,000,000 3,299,421,290 16,519,000 1.01
>= 100,000 and < 1,000,000 121,503,000 -6,491,000 0.90
< 100,000 40,403,000 -11,615,000 0.55
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 46,381,443,193 1,546,415,895 1.07

Page 34 of 45
 HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 25,000,000 7,561,359,011 1,239,380,011 1.39
>= 1,000,000 and < 25,000,000 30,451,071,228 140,205,672 1.01
>= 100,000 and < 1,000,000 7,849,644,775 154,179,939 1.04
< 100,000 519,368,179 12,650,272 1.05
5-10 Yr. Maturity Band 207,561,224,135 349,115,446 1.00
BB 57,226,855,394 -789,027,396 0.97
>= 25,000,000 1,841,630,000 -269,210,000 0.74
>= 1,000,000 and < 25,000,000 47,140,253,575 -880,620,976 0.96
>= 100,000 and < 1,000,000 6,768,437,530 2,671,168 1.00
< 100,000 1,476,534,290 358,132,412 1.64
B 44,899,932,070 -481,050,896 0.98
>= 25,000,000 2,880,941,300 -312,082,700 0.80
>= 1,000,000 and < 25,000,000 36,283,665,175 -189,828,315 0.99
>= 100,000 and < 1,000,000 4,959,740,198 -169,552,084 0.93
< 100,000 775,585,397 190,412,203 1.65
CCC 33,136,533,961 -245,829,271 0.99
>= 25,000,000 3,085,364,573 -3,818,573 1.00
>= 1,000,000 and < 25,000,000 28,053,168,127 -200,082,111 0.99
>= 100,000 and < 1,000,000 1,680,565,679 -46,868,275 0.95
< 100,000 317,435,582 4,939,688 1.03
CC 2,046,233,307 47,849,811 1.05
>= 25,000,000 0 0 n.a
>= 1,000,000 and < 25,000,000 1,987,871,593 43,739,973 1.04
>= 100,000 and < 1,000,000 51,943,762 4,151,790 1.17
< 100,000 6,417,952 -41,952 0.99
C 59,156,000 -3,824,000 0.88
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 42,477,000 -3,477,000 0.85
>= 100,000 and < 1,000,000 13,318,000 -226,000 0.97
< 100,000 3,361,000 -121,000 0.93
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 70,192,513,403 1,820,997,198 1.05
>= 25,000,000 3,480,421,474 -236,250,526 0.87
>= 1,000,000 and < 25,000,000 49,088,581,817 386,805,884 1.02

Page 35 of 45
 HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 100,000 and < 1,000,000 16,891,277,371 1,452,396,270 1.19
< 100,000 732,232,742 218,045,570 1.85
10-20 Yr. Maturity Band 33,028,713,881 -403,401,662 0.98
BB 8,266,110,227 -309,673,143 0.93
>= 25,000,000 1,701,896,000 -38,630,000 0.96
>= 1,000,000 and < 25,000,000 5,541,740,663 -371,613,842 0.87
>= 100,000 and < 1,000,000 667,520,416 -2,745,907 0.99
< 100,000 354,953,149 103,316,606 1.82
B 4,768,864,500 -102,096,500 0.96
>= 25,000,000 251,085,000 86,375,000 2.05
>= 1,000,000 and < 25,000,000 4,033,164,000 -231,944,000 0.89
>= 100,000 and < 1,000,000 331,450,000 15,016,000 1.09
< 100,000 153,165,500 28,456,500 1.46
CCC 1,932,708,004 21,394,561 1.02
>= 25,000,000 28,000,000 28,000,000 n.a
>= 1,000,000 and < 25,000,000 1,746,109,148 19,593,417 1.02
>= 100,000 and < 1,000,000 108,215,311 -6,113,311 0.89
< 100,000 50,383,545 -20,085,545 0.43
CC 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
C 115,927,000 5,339,000 1.10
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 112,000,000 6,000,000 1.11
>= 100,000 and < 1,000,000 1,960,000 440,000 1.58
< 100,000 1,967,000 -1,101,000 0.28
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 17,945,104,149 -18,365,580 1.00
>= 25,000,000 2,802,510,000 -23,680,000 0.98
>= 1,000,000 and < 25,000,000 12,678,413,335 -21,801,639 1.00
>= 100,000 and < 1,000,000 2,154,487,751 -30,633,958 0.97
< 100,000 309,693,063 57,750,017 1.46

Page 36 of 45
 HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
20+Yr. Maturity Band 42,844,138,403 398,938,607 1.02
BB 13,689,742,000 -191,540,000 0.97
>= 25,000,000 348,165,000 -56,015,000 0.72
>= 1,000,000 and < 25,000,000 11,031,038,000 -664,790,000 0.89
>= 100,000 and < 1,000,000 1,638,035,694 333,704,306 1.51
< 100,000 672,503,306 195,560,694 1.82
B 1,798,113,000 -6,007,000 0.99
>= 25,000,000 30,200,000 30,200,000 n.a
>= 1,000,000 and < 25,000,000 1,507,768,000 -24,058,000 0.97
>= 100,000 and < 1,000,000 214,532,000 -1,224,000 0.99
< 100,000 45,613,000 -10,925,000 0.61
CCC 531,376,000 -11,154,000 0.96
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 494,286,000 -5,212,000 0.98
>= 100,000 and < 1,000,000 26,756,000 -4,670,000 0.70
< 100,000 10,334,000 -1,272,000 0.78
CC 26,749,000 2,081,000 1.17
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 6,000,000 2,000,000 2.00
>= 100,000 and < 1,000,000 20,549,000 -119,000 0.99
< 100,000 200,000 200,000 n.a
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 26,798,158,403 605,558,607 1.05
>= 25,000,000 907,243,074 216,956,926 1.63
>= 1,000,000 and < 25,000,000 19,672,672,925 110,511,644 1.01
>= 100,000 and < 1,000,000 5,925,771,089 196,945,364 1.07
< 100,000 292,471,315 81,144,673 1.77
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 37 of 45
 Conv IG Buy-Sell Ratio

Ratio of Convertible Investment Grade Customer Buy to Customer Sell S1 Par Value
Traded by Maturity Bands
(excluding equity CUSIPs)

Q2 2014
Gross Net Ratio
>= 25,000,000 256,186,000 17,816,000 1.15
>= 1,000,000 and < 25,000,000 7,068,291,000 -278,429,000 0.92
>= 100,000 and < 1,000,000 470,329,000 23,691,000 1.11
< 100,000 62,841,225 -1,390,775 0.96
<1 Yr. Maturity Band 949,084,000 -12,794,000 0.97
AAA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
AA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
A 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
BBB 949,084,000 -12,794,000 0.97
>= 25,000,000 82,926,000 22,926,000 1.76
>= 1,000,000 and < 25,000,000 831,047,000 -36,167,000 0.92
>= 100,000 and < 1,000,000 31,634,000 916,000 1.06
< 100,000 3,477,000 -469,000 0.76
1-5 Yr. Maturity Band 2,952,602,000 -30,588,000 0.98
AAA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
AA 3,400,000 -1,510,000 0.38
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,760,000 -1,760,000 0.00

Page 38 of 45
 Conv IG Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 100,000 and < 1,000,000 1,440,000 220,000 1.36
< 100,000 200,000 30,000 1.35
A 398,739,000 -32,333,000 0.85
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 334,924,000 -22,590,000 0.87
>= 100,000 and < 1,000,000 58,428,000 -9,876,000 0.71
< 100,000 5,387,000 133,000 1.05
BBB 2,550,463,000 3,255,000 1.00
>= 25,000,000 113,110,000 -5,110,000 0.91
>= 1,000,000 and < 25,000,000 2,216,662,000 -34,752,000 0.97
>= 100,000 and < 1,000,000 190,733,000 41,781,000 1.56
< 100,000 29,958,000 1,336,000 1.09
5-10 Yr. Maturity Band 107,912,000 -35,004,000 0.51
AAA 15,507,000 -13,323,000 0.08
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 12,165,000 -12,165,000 0.00
>= 100,000 and < 1,000,000 3,103,000 -945,000 0.53
< 100,000 239,000 -213,000 0.06
AA 1,414,000 -108,000 0.86
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 494,000 494,000 n.a
< 100,000 920,000 -602,000 0.21
A 19,278,000 -4,156,000 0.65
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 14,633,000 -3,723,000 0.59
>= 100,000 and < 1,000,000 2,424,000 -364,000 0.74
< 100,000 2,221,000 -69,000 0.94
BBB 71,713,000 -17,417,000 0.61
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 59,029,000 -14,469,000 0.61
>= 100,000 and < 1,000,000 10,741,000 -3,087,000 0.55
< 100,000 1,943,000 139,000 1.15
10-20 Yr. Maturity Band 542,404,000 -27,528,000 0.90
AAA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.

Page 39 of 45
 Conv IG Buy-Sell Ratio

Q2 2014
Gross Net Ratio
< 100,000 0 0 n.a.
AA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
A 184,245,000 2,893,000 1.03
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 166,162,000 3,876,000 1.05
>= 100,000 and < 1,000,000 16,142,000 -568,000 0.93
< 100,000 1,941,000 -415,000 0.65
BBB 358,159,000 -30,421,000 0.84
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 328,321,000 -28,753,000 0.84
>= 100,000 and < 1,000,000 26,059,000 -771,000 0.94
< 100,000 3,779,000 -897,000 0.62
20+ Yr. Maturity Band 3,305,645,225 -132,398,775 0.92
AAA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
AA 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
A 1,667,345,000 -65,741,000 0.92
>= 25,000,000 60,150,000 0 1.00
>= 1,000,000 and < 25,000,000 1,531,996,000 -67,710,000 0.92
>= 100,000 and < 1,000,000 68,407,000 2,673,000 1.08
< 100,000 6,792,000 -704,000 0.81
BBB 1,638,300,225 -66,657,775 0.92
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,571,592,000 -60,216,000 0.93
>= 100,000 and < 1,000,000 60,724,000 -6,782,000 0.80
< 100,000 5,984,225 340,225 1.12
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 40 of 45
 Conv HY Buy-Sell Ratio

Ratio of Convertible High-Yield Customer Buy to Customer Sell S1 Par Value Traded by
Maturity Bands
(excluding equity CUSIPs)
Q2 2014
Gross Net Ratio
>= 25,000,000 2,104,069,000 -316,807,000 0.74
>= 1,000,000 and < 25,000,000 37,957,716,875 -614,659,577 0.97
>= 100,000 and < 1,000,000 2,373,578,052 55,666,000 1.05
< 100,000 310,708,859 2,511,002 1.02
<1 Yr. Maturity Band 6,132,723,768 -401,409,250 0.88
BB 88,492,000 -4,166,000 0.91
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 83,765,000 -3,657,000 0.92
>= 100,000 and < 1,000,000 4,128,000 -328,000 0.85
< 100,000 599,000 -181,000 0.54
B 716,751,000 14,311,000 1.04
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 673,330,000 18,484,000 1.06
>= 100,000 and < 1,000,000 37,278,000 -3,794,000 0.82
< 100,000 6,143,000 -379,000 0.88
CCC 24,216,518 -482,000 0.96
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 21,559,518 159,000 1.01
>= 100,000 and < 1,000,000 1,459,000 -559,000 0.45
< 100,000 1,198,000 -82,000 0.87
CC 93,345,000 11,281,000 1.27
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 85,505,000 11,577,000 1.31
>= 100,000 and < 1,000,000 6,780,000 532,000 1.17
< 100,000 1,060,000 -828,000 0.12
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.

Page 41 of 45
 Conv HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
< 100,000 0 0 n.a.
NA/NR 5,209,919,250 -422,353,250 0.85
>= 25,000,000 567,534,000 29,748,000 1.11
>= 1,000,000 and < 25,000,000 4,382,805,000 -396,971,000 0.83
>= 100,000 and < 1,000,000 227,492,000 -58,462,000 0.59
< 100,000 32,088,250 3,331,750 1.23
1-5 Yr. Maturity Band 16,665,495,477 -188,264,511 0.98
BB 1,683,515,000 16,569,000 1.02
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,603,591,000 9,197,000 1.01
>= 100,000 and < 1,000,000 70,094,000 8,498,000 1.28
< 100,000 9,830,000 -1,126,000 0.79
B 3,205,893,000 -126,623,000 0.92
>= 25,000,000 26,100,000 -26,100,000 0.00
>= 1,000,000 and < 25,000,000 3,034,776,000 -121,082,000 0.92
>= 100,000 and < 1,000,000 128,984,000 24,972,000 1.48
< 100,000 16,033,000 -4,413,000 0.57
CCC 885,965,000 1,037,000 1.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 829,164,000 4,128,000 1.01
>= 100,000 and < 1,000,000 40,655,000 -9,000 1.00
< 100,000 16,146,000 -3,082,000 0.68
CC 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 10,890,122,477 -79,247,511 0.99

Page 42 of 45
 Conv HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 25,000,000 606,737,000 -100,847,000 0.71
>= 1,000,000 and < 25,000,000 9,503,516,766 7,739,000 1.00
>= 100,000 and < 1,000,000 701,858,000 18,107,000 1.05
< 100,000 78,010,711 -4,246,511 0.90
5-10 Yr. Maturity Band 8,193,679,000 76,095,000 1.02
BB 290,026,000 126,000 1.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 257,343,000 -2,723,000 0.98
>= 100,000 and < 1,000,000 29,532,000 3,406,000 1.26
< 100,000 3,151,000 -557,000 0.70
B 1,830,073,000 79,167,000 1.09
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,742,459,000 48,189,000 1.06
>= 100,000 and < 1,000,000 77,086,000 26,552,000 2.05
< 100,000 10,528,000 4,426,000 2.45
CCC 244,383,000 16,983,000 1.15
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 231,268,000 15,412,000 1.14
>= 100,000 and < 1,000,000 12,070,000 1,434,000 1.27
< 100,000 1,045,000 137,000 1.30
CC 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 5,829,197,000 -20,181,000 0.99
>= 25,000,000 134,390,000 2,500,000 1.04
>= 1,000,000 and < 25,000,000 5,179,376,000 -91,996,000 0.97

Page 43 of 45
 Conv HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
>= 100,000 and < 1,000,000 457,390,000 44,958,000 1.22
< 100,000 58,041,000 24,357,000 2.45
10-20 Yr. Maturity Band 5,331,467,541 -194,877,814 0.93
BB 1,690,886,485 13,531,186 1.02
>= 25,000,000 48,703,000 48,703,000 n.a
>= 1,000,000 and < 25,000,000 1,515,442,591 -54,207,577 0.93
>= 100,000 and < 1,000,000 109,021,052 23,566,000 1.55
< 100,000 17,719,842 -4,530,237 0.59
B 1,442,232,000 1,294,000 1.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 1,321,429,000 26,283,000 1.04
>= 100,000 and < 1,000,000 101,965,000 -18,915,000 0.69
< 100,000 18,838,000 -6,074,000 0.51
CCC 17,435,000 5,189,000 1.85
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 12,420,000 6,900,000 3.50
>= 100,000 and < 1,000,000 4,280,000 -1,180,000 0.57
< 100,000 735,000 -531,000 0.16
CC 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 2,180,914,056 -214,892,000 0.82
>= 25,000,000 83,500,000 -83,500,000 0.00
>= 1,000,000 and < 25,000,000 1,969,772,000 -135,484,000 0.87
>= 100,000 and < 1,000,000 115,531,000 191,000 1.00
< 100,000 12,111,056 3,901,000 1.95

Page 44 of 45
 Conv HY Buy-Sell Ratio

Q2 2014
Gross Net Ratio
20+Yr. Maturity Band 6,422,707,000 -164,833,000 0.95
BB 4,180,609,000 -177,015,000 0.92
>= 25,000,000 584,970,000 -239,446,000 0.42
>= 1,000,000 and < 25,000,000 3,444,876,000 69,772,000 1.04
>= 100,000 and < 1,000,000 133,967,000 -329,000 1.00
< 100,000 16,796,000 -7,012,000 0.41
B 1,008,294,000 1,272,000 1.00
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 952,904,000 -1,360,000 1.00
>= 100,000 and < 1,000,000 47,129,000 3,551,000 1.16
< 100,000 8,261,000 -919,000 0.80
CCC 130,388,000 2,200,000 1.03
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 115,617,000 5,315,000 1.10
>= 100,000 and < 1,000,000 14,771,000 -3,115,000 0.65
< 100,000 0 0 n.a.
CC 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
C 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
D 0 0 n.a.
>= 25,000,000 0 0 n.a.
>= 1,000,000 and < 25,000,000 0 0 n.a.
>= 100,000 and < 1,000,000 0 0 n.a.
< 100,000 0 0 n.a.
NA/NR 1,103,416,000 8,710,000 1.02
>= 25,000,000 52,135,000 52,135,000 n.a
>= 1,000,000 and < 25,000,000 996,798,000 -30,334,000 0.94
>= 100,000 and < 1,000,000 52,108,000 -13,410,000 0.59
< 100,000 2,375,000 319,000 1.31
© 2006-14 Financial Industry Regulatory Authority, Inc. (“FINRA”)

Page 45 of 45