Ann: General Security Agreement, page-811

Further to the analysis above in relations to the yields & POG, the last time we were at 1.6% we were well below $1730, however, after the April CPI numbers were released, the algorithm for the pegging the price back to the yields appears to have been uplifted for the rise in CPI which data was released Mid April. Which is why the POG is sitting a little higher now at circa $1770 at 1.646%, otherwise, we'd be hammered down alot lower at the current rates. Expecting some bigger moves up in CPI as we've seem some pretty big moves up in various commodities in April. Expecting bigger moves up over the next 6-8 months.