HALISTER1: Portugal 10-Yr Bond Tests Triple Moving-Avg. Hurdle as DBRS Eyed

Portugal 10-Yr Bond Tests Triple Moving-Avg. Hurdle as DBRS Eyed

(Bloomberg) -- PGB 10-year yield at 3.18% testing strong confluence of resistances at 3.17%-3.14%, where three key moving averages converge, Bloomberg technical analyst Sejul Gokal writes.
  • See LIVE chart
  • Official DBRS rating decision expected after European market close
  • Any Portugal rating downgrade by DBRS would make PGBs ineligible for ECB QE
  • NOTE: Portugal Bonds Rally After Comments From PM on DBRS Rating: MORE
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1174Z PL (Portuguese Republic)

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UUID: 7947283

HALISTER: BAT’s Bid for Reynolds May Spur Final Wave of Big Tobacco M&A

BAT’s Bid for Reynolds May Spur Final Wave of Big Tobacco M&A

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
MO US (Altria Group Inc)
BATS LN (British American Tobacco PLC)
PM US (Philip Morris International Inc)
RAI US (Reynolds American Inc)
IMB LN (Imperial Brands PLC)

People
Bonnie Herzog (Wachovia Securities Inc)
Chris Wickham (Whitman Howard Ltd)
Owen Bennett (Jefferies LLC)

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UUID: 7947283

HALISTER: PDVSA Said to Seek Addtl $600m to Complete Bond Swap: Reuters

PDVSA Said to Seek Addtl $600m to Complete Bond Swap: Reuters

(Bloomberg) -- PDVSA wants investors to tender an extra $600m in a bond swap, preferably from notes maturing in Nov. 2017, to reach required levels of participation, Reuters reports, citing unidentified person close to the deal.
  • PDVSA didn’t immediately reply to request for comment from Bloomberg News
  • NOTE: Yday, PDVSA Bonds Jump Most in 8 Months on Swap Bets Ahead of Deadline
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
PDVSA VC (Petroleos de Venezuela SA)

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UUID: 7947283

HALISTER1: Credit Suisse Pays EU109.5M to End Italian Tax Probe

Credit Suisse Pays EU109.5M to End Italian Tax Probe

(Bloomberg) -- Credit Suisse says it agreed to pay EU8.5m for administrative infringements and EU101m in taxes, late payment interest and penalties to end investigation of previous cross-border business with Italian clients.
  • Investigation began in 2014
  • Credit Suisse comments in e-mailed statement
  • NOTE Feb 19: Credit Suisse Said to Face Money-Laundering Probe in Italy
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CSGN VX (Credit Suisse Group AG)

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UUID: 7947283