Nav Gupta discusses a trading strategy involving a European style digital binary option on EURUSD and a bond investment in Nationwide (UK Building Society) 6.875% perpetual bonds. The memo outlines the rationale for the trades, including low FX volatility and diverging central bank policies, and provides details on the bond's yield and ratings.
doj/DataSet10/EFTA01447144.pdf
{"key_people":["Nav Gupta","Yellen"],"document_type":"correspondence","key_locations":["London","United Kingdom"],"document_subtype":"memo","key_organizations":["Deutsche Bank AG","Nationwide (UK Building Society)","European Bank","BBVA"],"reference_numbers":["ISIN X51043181269"]}