HALISTER1: Foreign Demand Seen Supporting 10Y USTs vs 5Y, 30Y: RBS

Foreign Demand Seen Supporting 10Y USTs vs 5Y, 30Y: RBS

(Bloomberg) -- Foreign demand expected to return for historically preferred benchmark 10Y USTs, favoring 10s out-performance in 5s10s30s fly, RBS strategist John Briggs writes in a client note.
  • Trade view expressed through buying 10s on 5s10s30s cash fly at -27bp, target -36bp with stop at -25bp
    • Foreign investment sponsorship has been a “substantial driver” of past 10Y richening
    • Current market correction due to a “short term pullback in a bull bond market”
    • 5s10s30s fly currently trades ~8bps off current 2016 high level (~-19bp) and ~10bp above yearly low (~-38bp)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
John Briggs (RBS Securities Inc)

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UUID: 7947283

HALISTER1: West Fraser Timber Co. Ltd. - DBRS Rating Report

West Fraser Timber Co. Ltd. - DBRS Rating Report

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

Tickers
WFT CN (West Fraser Timber Co Ltd)

People
Kam Hon (DBRS Ltd)

Topics
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER: Allianz to Guard Dealmakers Against M&A Surprises in U.S. Push

Allianz to Guard Dealmakers Against M&A Surprises in U.S. Push

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
ALV GR (Allianz SE)
BRK/A US (Berkshire Hathaway Inc)
ZURN VX (Zurich Insurance Group AG)

People
Evan Greenberg (Chubb Ltd)
Paul Schiavone (Allianz Glbl Corp & Speciality)
Robert Underhill (Berkshire Hathaway Specialty Insurance Co)
Warren Buffett (Berkshire Hathaway Inc)

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UUID: 7947283

HALISTER: Dow-DuPont Shareholders Approve $59 Billion Merger of Equals

Dow-DuPont Shareholders Approve $59 Billion Merger of Equals

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DD US (EI du Pont de Nemours & Co)
DOW US (Dow Chemical Co/The)
DWDP US (DowDuPont Inc)

People
Andrew Liveris (Dow Chemical Co/The)
Edward Breen (EI du Pont de Nemours & Co)

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UUID: 7947283