HALISTER1: INSIDE THAILAND: Baht Falls as Yellen Testimony Inspires Dollar

INSIDE THAILAND: Baht Falls as Yellen Testimony Inspires Dollar

(Bloomberg) -- Baht weakens along with regional peers as Dollar Index extends advance to highest level since April 2003 after Fed Chair Yellen signaled interest-rate hike could come soon.
  • Investors should stay “neutral” on nation’s bonds, HSBC said in Nov. 17 note; due to significant reduction in net bond supply in fiscal 2017, yields should lag upward move in U.S. Treasury yields
    • Rate curve will probably steepen; economic growth may hold up due to fiscal stimulus but not enough to warrant monetary tightening; recommends receiving 5-year govt bond-IRS spread
  • Weekly foreign exchange reserve data due 2:30pm local time
  • Thailand to invest 700b baht ($20b) in eastern economic corridor
  • Global investors sold net 10.8b baht in local bonds yesterday, sixth straight day of outflow, longest since Oct. 17, according to TBMA data; sold net $68.8m local equities yesterday: exchange data
  • Baht down 0.3% at 35.56 per dollar after hitting 35.57, weakest since Oct. 14; currency is down 0.5% this week
  • Yield on 2.125% govt bond due December 2026 steady at 2.575%, taking weekly advance to 26bps, most since current series was auctioned in August
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: INSIDE KOREA: Won Falls; BOK Repeats Pledge to Stabilize Markets

INSIDE KOREA: Won Falls; BOK Repeats Pledge to Stabilize Markets

(Bloomberg) -- Won drops in line with major currencies amid broad dollar strength driven by rising U.S. yields.
  • BOK is monitoring financial markets with caution and will take steps to stabilize markets if there is a risk volatility will spread, governor Lee Ju-yeol says
  • PPI -0.2% y/y in October vs -1.1% in September
  • Yield on 1.875% govt bond due June 2026 up 5bps to 2.14%
  • If U.S. 10-year bond yields move into higher range in 2017, Korean yields may also have an accelerated increase based on historical patterns; in past decade, median zone for spread between Korea and U.S. is 100-200bps vs -15bps now; chart here
  • Won slides 0.5% to 1,182.43 per dollar following 0.6% drop yesterday
  • USD/KRW approaching 5-month high
    • Resistance: 1,188.50, June 27 high; 1,198.05, May 31 high
    • Support: 1,153.35, 200-DMA; 1,128.55, 100-DMA
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Rating Public Universities – DBRS Business and Financial Risk Assessments

Rating Public Universities – DBRS Business and Financial Risk Assessments

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
3717Z CN (Brock University)
340973Z US (Concordia University/Canada)
523812Z CN (McMaster University)
85025MF US (Ottawa University)
2751172Z CN (Queen's University)

People
Brenda Lum (DBRS Ltd)
Masaaki Iwamoto (Nikko Asset Management Co Ltd)
Megumi Todori (North Pacific Bank Ltd)
Paul Seet (Jump Trading LLC)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: DBRS Canadian University Peer Comparison Table

DBRS Canadian University Peer Comparison Table

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
3717Z CN (Brock University)
340973Z US (Concordia University/Canada)
523812Z CN (McMaster University)
85025MF US (Ottawa University)
2751172Z CN (Queen's University)

People
Brenda Lum (DBRS Ltd)
Masaaki Iwamoto (Nikko Asset Management Co Ltd)
Megumi Todori (North Pacific Bank Ltd)
Paul Seet (Jump Trading LLC)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: MAJOR TECHS: USD/JPY Breaches 110.00; AUD Testing 0.7400

MAJOR TECHS: USD/JPY Breaches 110.00; AUD Testing 0.7400

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating below 110.00
  • 3rd resistance: 113.69, March 28 high
  • 2nd resistance: 111.91, April 25 high
  • 1st resistance: 111.45, May 30 high
  • Spot: 110.26; pivot point: 109.62
  • 1st support: 109.42, 5-DMA
  • 2nd support: 106.95, Nov. 10 high
  • 3rd support: 106.44, 200-DMA
  • GBP/USD -- Capped below 55-DMA
  • 3rd resistance: 1.2866, 100-DMA
  • 2nd resistance: 1.2674, Nov. 11 high
  • 1st resistance: 1.2651, 55-DMA
  • Spot: 1.2414; pivot point: 1.2444
  • 1st support: 1.2361, 21-DMA
  • 2nd support: 1.2332, Oct. 19 high
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Testing 0.7400 area
  • 3rd resistance: 0.7835, April 21 high
  • 2nd resistance: 0.7595, 100-DMA
  • 1st resistance: 0.7514, 200-DMA
  • Spot: 0.7413; pivot point: 0.7435
  • 1st support: 0.7372, June 30 low
  • 2nd support: 0.7325, June 27 low
  • 3rd support: 0.7306, June 24 low
  • NZD/USD -- Challenging 200-DMA
  • 3rd resistance: 0.7224, 55-DMA
  • 2nd resistance: 0.7170, 10-DMA
  • 1st resistance: 0.7069, 5-DMA
  • Spot: 0.7033; pivot point: 0.7050
  • 1st support: 0.7013, Nov. 17 low
  • 2nd support: 0.6957, July 25 low
  • 3rd support: 0.6952, July 21 low
  • USD/SGD -- Extending gain beyond 10-DMA
  • 3rd resistance: 1.4500, psychological level
  • 2nd resistance: 1.4444, Jan. 11 and YTD high
  • 1st resistance: 1.4336, Feb. 3 high
  • Spot: 1.4225 pivot point: 1.4183
  • 1st support: 1.4086, 10-DMA
  • 2nd support: 1.3923, Nov. 8 high
  • 3rd support: 1.3851, Nov. 9 low
  • USD/KRW -- Approaching five month high
  • 3rd resistance: 1,217.15, March 9 high
  • 2nd resistance: 1,198.05, May 31 high
  • 1st resistance: 1,188.50, June 27 high
  • Spot: 1,176.05 (close on Nov. 17); pivot point: 1,174.68
  • 1st support: 1,158.10, Nov. 10 high (breakaway gap)
  • 2nd support: 1,153.35, 200-DMA
  • 3rd support: 1,128.35, 100-DMA
  • USD/MYR -- Approaching 2016 peak
  • 3rd resistance: 4.4800, Sept. 29 high
  • 2nd resistance: 4.4285, Jan. 7 high
  • 1st resistance: 4.4193, Jan. 18 high
  • Spot: 4.3945 (close on Nov. 17); pivot point: 4.3815
  • 1st support: 4.2900, Nov. 14 low
  • 2nd support: 4.2821, 10-DMA
  • 3rd support: 4.2297, 21-DMA
  • USD/IDR -- Consolidating breach of 200-DMA resistance
  • 3rd resistance: 13,698, June 2 high
  • 2nd resistance: 13,589, June 3 low (breakaway gap)
  • 1st resistance: 13,545, Nov. 11 high
  • Spot: 13,373 (close on Nov. 17); pivot point: 13,380
  • 1st support: 13,232, 200-DMA
  • 2nd support: 13,188, Nov. 11 low
  • 3rd support: 13,123, 100-DMA
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Simon Fraser University - DBRS Rating Report

Simon Fraser University - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
4075580Z US (Simon Fraser University)

People
Brenda Lum (DBRS Ltd)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Citigroup Commercial Mortgage Trust 2016-C3 - DBRS Rating Report

Citigroup Commercial Mortgage Trust 2016-C3 - DBRS Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Mary Potthoff (Dbrs, Inc.)
Kevin Mammoser (DBRS Inc)

Topics
Fixed Income Research
Decrease Weighting Research
Reports
Credit Analysis Research
Credit Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283