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SMBC Group's Financial and Credit Portfolio

(Ref.) Trend in Yen interest rate Trend in short- and long-term rates*1 Trend in super-long-term rates*1 1.4% 2-year JGB 5-year JGB 2% -20-year JGB 5-year swap 10-year JGB -30-year JGB 1.2% 10-year swap 1.8% 1% 0.8% 0.6% 0.4% 0.2% 0% 1.6% 1.4% 1.2% 1% 0.8% 0.6% -0.2% 0.4% 2021/12 2022/6 2022/12 2023/6 2021/12 2022/6 2022/12 2023/6 *1 Bloomberg Copyright © 2023 Sumitomo Mitsui Financial Group. All Rights Reserved. 32

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