HALISTER1: HIGH YIELD: Investors Driven by Chase for Yield, BofAML Says

HIGH YIELD: Investors Driven by Chase for Yield, BofAML Says

(Bloomberg) -- High yield likely to remain attractive over the near-term as pension funds and insurance companies chase for yield, BofAML strategists led by Michael Contopoulos write in note.
  • Investor sentiment has shifted on the back of negative- yielding assets across the globe
  • While acknowledging strong technicals led by prospect of foreign inflows to safe havens and a shift in sentiment, cautious against complacency and question the wisdom of aggressively adding risk in an illiquid asset class ahead of poor growth
  • Weak fundamentals, poor economic indicators and a banking sector under pressure are a “nightmare dressed as a daydream”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michael Contopoulos (Bank of America Corp)

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UUID: 7947283

HALISTER: AET/HUM to Meet With DOJ to Discuss Significant Concerns: Mlex

AET/HUM to Meet With DOJ to Discuss Significant Concerns: Mlex

(Bloomberg) -- Aetna, Humana are scheduled to meet with DOJ’s Bill Baer tomorrow to discuss govt’s “significant” concerns with deal, MLex Market Insight said, without saying where it got the info.
  • DOJ investigators believe deal may result in consumers having fewer options for Medicare Advantage coverage
  • AET/HUM spread $59.93 vs $45.72 yday
  • HUM down as much as 11%; AET down as much as 1.8%
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AET US (Aetna Inc)
HUM US (Humana Inc)

People
William Baer (United States Department of Justice)

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UUID: 7947283

HALISTER: Mike Hardman, Credit Salesman at Lloyds, JPMorgan, Dies at 53

Mike Hardman, Credit Salesman at Lloyds, JPMorgan, Dies at 53

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)
LLOY LN (Lloyds Banking Group PLC)

People
Mike Hardman (Lloyds Banking Group PLC)
Guy Cornelius

Topics
Obituaries
Who's News - People

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UUID: 7947283

HALISTER1: Swedish Covered Bonds: Legal and Structuring Framework Review - DBRS Commentary

Swedish Covered Bonds: Legal and Structuring Framework Review - DBRS Commentary

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

Topics
Asset Class Focused Research
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283