HALISTER: Bayer Said to Sign Definitive Agreement to Buy Monsanto: Rtrs

Bayer Said to Sign Definitive Agreement to Buy Monsanto: Rtrs

(Bloomberg) -- Bayer has signed a definitive agreement to acquire Monsanto at $128 per share, Reuters reports, citing an unidentified person familiar with the matter.
  • Agreement includes breakup fee of $2b
  • Deal to close by the end of 2017
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BAYN GR (Bayer AG)
MON US (Monsanto Co)

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UUID: 7947283

HALISTER1: Rising Money Market Rates Spur Advance in UST Yields: J. Baer

Rising Money Market Rates Spur Advance in UST Yields: J. Baer

(Bloomberg) -- Rising money market rates are adding to upward pressure on UST yields, Markus Allenspach, head of fixed income research at Julius Baer, writes in e-mailed comments.
  • The increase in money rates is unsettling the bond market for two reasons:
    • The decoupling of interbank rates from the Fed funds target rate could be seen as a sign the U.S. central bank is losing control of the short end of the market
    • Money market rates above 1% mean there’s less incentive to buy expensive corporate or government bonds
  • So far, the Fed has done nothing to counter the increase of interbank funding costs
  • NOTE: Libor will extend its climb amid prime fund outflows into Oct. 14 reform compliance deadline, TD says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Markus Allenspach (Bank Julius Baer & Co AG)

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UUID: 7947283

HALISTER1: U.K. July 3-Mo ILO Unemployment Rate Due in 5 Mins; Est. 4.9%

U.K. July 3-Mo ILO Unemployment Rate Due in 5 Mins; Est. 4.9%

(Bloomberg) -- U.K. July 3-Mo ILO unemployment rate est. 4.9% vs prev 4.9%.
  • U.K. July average weekly earnings 3-Mo Average y/y est. 2.1% vs prev 2.4%
  • U.K. Aug. jobless claims change est. 1.8K vs prev -8.6K
  • U.K. Aug. claimant count rate est. 2.2% vs prev 2.2%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283