HALISTER1: This Week in Congress: What to Watch for July 11, 2016

This Week in Congress: What to Watch for July 11, 2016

Alert: HALISTER1
Source: BGV (Bloomberg Government)

Tickers
ABBV US (AbbVie Inc)
AIR FP (Airbus Group SE)
ALK US (Alaska Air Group Inc)
ALKS US (Alkermes PLC)
0219786D US (American Bakers Association)

People
Addison McConnell (United States Senate)
Dean Garfield (Information Technology Industry Council)
Frank Klotz (National Nuclear Security Administration Service Center)
Hillary Clinton (United States of America)
James Comey (DOJ United States Federal Bureau of Investigation)

Topics
Proposed Rules

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UUID: 7947283

HALISTER1: UST MORNING CALL: 3s Vulnerable to Fed Repricing; FOMC Speakers

UST MORNING CALL: 3s Vulnerable to Fed Repricing; FOMC Speakers

(Bloomberg) -- Focus turns to slew of Fed speakers this week, and front-loading of supply.
  • At least half of overnight selloff is set-up for supply, 3s have cheapened on the curve, sector is vulnerable to hawkish Fed repricing, 10s look richer on the curve, writes BMO in a client note
  • Fed’s George speaks at 10am today
    • Hawkish regional posturing, after six weeks of dovish Fed messages is expected, particularly after June payrolls, writes Jim Vogel of FTN financial in a client note
  • Turn more cautious on the market near term, longs should be careful, keep an eye on momentum measures, weekly chart momentum is the most overbought since early 2015, writes RBS in a client note
  • CFTC data show specs added flatteners, selling FV (-$5.8b) vs longer contracts (TY $3.5b, US $7.4b, WN $4.6b); asset managers sold TY, added in TU, leveraged funds did the opposite, resulting in large risk transfer, writes Nomura in a client note
  • Technicals:
    • Resistance: 134-00+ (July 8 high); 134-07+ (July 6 high)
    • Support: 133-11 (July 7 low); 133 (July 5 low); 132-14 (June 30 low)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Jim Vogel (Ftn Financial)

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UUID: 7947283

HALISTER: Soapmaker Said to Plan $596 Million Bond Sale for Lafarge Deal

Soapmaker Said to Plan $596 Million Bond Sale for Lafarge Deal

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
LHN VX (LafargeHolcim Ltd)
NIRMA IN (Nirma Ltd)

People
Ajay Piramal (Shriram Capital Ltd)
Karsanbhai Patel (Nirma Ltd)
Kumar Birla (Birla Sun Life Asset Management Co Ltd)

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UUID: 7947283

HALISTER1: Uruguay to Require Foreign Cos Have Local Representative: Pais

Uruguay to Require Foreign Cos Have Local Representative: Pais

(Bloomberg) -- Govt is drafting legislation that would require foreign companies to have a local representative as part of a broader crack-down on money laundering, newspaper El Pais reports, citing unnamed govt officials.
  • Legislation includes measures related to the final beneficiaries of foreign companies in Uruguay
  • Link to story
  • NOTE: Uruguay has increased its oversight of about 13,000 non-financial companies this yr to dissuade money laundering in the South American country
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283