SEB Nordic Outlook

210 190 170 150 130 110 90 70 Dec/17 Jun/18 Dec/18 Development in financial markets Equity markets Sweden, US and global OMX Stockholm Jun/19 Dec/19 -S&P500 -MSCI World Jun/20 Dec/20 Jun/21 Oct-21 17 Note: equity market data series are indexed assuming 2017-12-30 = 100. 30 60 150 120 90 Credit spreads SEB vs. corporate sector -SEB CDS 5Y (LHS) EUR Inv Grade 5Y (LHS) -EUR Sublnv Grade 5Y (RHS) 180 800 1.5 Dec/17 Jun/18 Dec/18 Jun/19 Dec/19 Jun/20 Dec/20 Jun/21 Oct-21 700 1.0 600 0.5 500 0.0 400 -0.5 300 200 -1.0 Dec/17 Interest rates Annual yield of 10-year government bonds Jun/18 Dec/18 Jun/19 Dec/19 -Sweden -Germany Jun/20 Dec/20 Jun/21 SEB Oct-21

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