HALISTER1: Bund Futures Close Gap, Support at 162.93-84; Levels in Focus

Bund Futures Close Gap, Support at 162.93-84; Levels in Focus

(Bloomberg) -- Bund futures (RX1) technical levels in focus.
  • Daily Trend Bias: Neutral-to-Bullish
  • Comment: Opens higher before swift retreat to uncovered close at 162.16; market near a one- year high, with Sept. 2016 peak at 163.76 in focus; risk for the early-open ‘euphoria’ to fade with initial layer of support seen at 162.93-84 where buyers may turn active again
    • Resistance: 163.43; 163.53; 163.76
    • Support: 162.93-84; 162.72; 162.51; 162.22
  • NOTE: Roll-adjusted by difference in GFUT
  • NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice
To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Anil Varma

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Phenil, Senbo Cut; SPEL and Maanaveeya Upgraded

INDIA RATINGS: Phenil, Senbo Cut; SPEL and Maanaveeya Upgraded

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Phenil Sugars
    • Long-term bank facilities cut to D from BB- at Care
    • Cites delay in repayment of debt obligations
  • Interjewel Designs
    • LT bank facilities cut to C from BB+ at Care
    • Cites delays in debt servicing
  • Senbo Engineering
    • LT bank facilities cut to D from B- at Crisil
    • Cites delays in interest payment, overdrawing in working capital limit
  • Speedcrafts/Phooltas Transrail
    • LT bank facilities cut to D from BB+ at Crisil
    • Cites cash credit facility in overdraw for >30 days due to weak liquidity at both borrowers
  • Surat Hazira NH-6 Tollway
    • LT bank facilities worth INR24b cut to D from B at Care
    • Cites delay in repayment of debt obligations
UPGRADES
  • Maanaveeya Development
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites significant improvement in asset quality
  • SPEL Semiconductor
    • LT bank facilities raised to C from D at Crisil
    • Cites improvement in group’s operating performance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SPICE IN (SPEL Semiconductor Ltd)
BJHS IN (Bajaj Hindusthan Sugar & Industries Ltd)
0910204D IN (Maanaveeya Development & Finance Pvt Ltd)
1023097D IN (Senbo Engineering Ltd)
6583404Z IN (Speedcrafts Ltd)

Topics
First Word Credit Asia
India Macro News

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UUID: 7947283