HALISTER1: Deutsche Asset Says Using JPY to Buy USD a ‘Good’ Carry Trade

Deutsche Asset Says Using JPY to Buy USD a ‘Good’ Carry Trade

(Bloomberg) -- U.S. 10-year yield will likely be at 2.5% by end-2017, while similar Japanese yield will be at zero, says Sean Taylor, chief investment officer for the Asia-Pacific region at Deutsche Asset Management.
  • Sees JPY weaker at 115/USD by end-2017 vs 114.24 now
  • Firm recommends being long Italian bonds vs Spanish bonds
  • Italian bond spreads have widened because of political situation, Taylor says at briefing in Singapore
  • Says Deutsche Asset sees ‘No’ vote winning in Sunday’s Italian referendum but PM Matteo Renzi will stay in power
  • READ: Renzi’s Options for Italy Lead Through Presidential Palace
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Sean Taylor (Deutsche Bank AG)

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UUID: 7947283

HALISTER: GLP Said to Tap JPMorgan to Mull Options After Drawing Interest

GLP Said to Tap JPMorgan to Mull Options After Drawing Interest

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
CHIVCZ CH (China Investment Corp)
GIC SP (GIC Pte Ltd)
GLP SP (Global Logistic Properties Ltd)
1011715D HK (Hillhouse Capital Management Ltd)

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Fang Fenglei (Hopu Investment Management Co Ltd)

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UUID: 7947283

HALISTER1: U.S. Should Sign Up to OECD Data Exchange, Swiss Bankers Say

U.S. Should Sign Up to OECD Data Exchange, Swiss Bankers Say

(Bloomberg) -- The OECD shouldn’t allow the U.S. to operate outside automatic bank account data exchange regime, Swiss Bankers Association Chairman Herbert Scheidt says at conference in Geneva.
  • “The U.S. insists on a one-sided exchange,” and hasn’t signed up to the level of reciprocity implemented by other countries, Scheidt says
  • NOTE: U.S. not among 101 jurisdictions which have committed to exchange information on foreign-owned bank accounts automatically
  • NOTE: The New Switzerland: Rothschild Promotes U.S. as World Tax Haven
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Herbert Scheidt (Harcourt Investment Consulting AG/Switzerland)

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UUID: 7947283