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  "documentTitle": "Q3 2024 Fixed Income Call presentation",
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  "notes": "The chart combines a stacked bar chart for NII components (Locked-in vs Roll-over) and a line chart for yield metrics (Avg yield vs 10y EUR swap).",
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      "text": "Roll-over provides sequential tailwind of ~€ 0.3bn in 2025 and 2026, offsetting expected beta effects and declining interest rates",
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      "text": "Hedge contribution to NII steadily increased since 2022; Long-term hedge notional of ~€ 230bn; Increased by ~€ 30bn since 2021; Average hedge duration of ~5 years, ~90% of hedge NII is locked in for 2025; Roll-over provides sequential tailwind",
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      "text": "NII: € 230bn",
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      "kind": "title",
      "text": "Interest rate hedge stabilizing NII in declining yield environment",
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