Investor Presentaiton

7 Rising Long-End Yields Further Tighten Conditions The recent rapid rise in long-end U.S. treasury yields has a substantial impact on household and corporate financing costs 10Y and 30Y U.S. Treasury Yields: 5.25% 5.03% 4.95% 5.00% 4.75% 4.50% 4.25% 4.00% 3.75% 3.69% 3.50% 3.25% 3.00% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 10Y US Treasury Yield -30Y US Treasury Yield 10Y and 30Y U.S. Treasury yields have increased ~115bps since mid-July and are up more than 145bps from their 2023 lows Source: Bloomberg, as of October 19, 2023 (at approximately 9AM) 23 23

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