HALISTER: Ex-Barclays Traders Get as Much as 6 1/2 Years in Prison

Ex-Barclays Traders Get as Much as 6 1/2 Years in Prison

(Bloomberg) -- Four former Barclays Plc traders were sentenced to as many as 6 1/2 years in prison for manipulating the Libor interest-rate benchmark as U.K. judges continued meting out tough punishments for white-collar crime.
  • Jay Merchant, 45, was sentenced to 6 1/2 years in prison. Peter Johnson, 61, and Jonathan Mathew, 35, received four years in prison. Alex Pabon, 38, will serve two years and nine months in jail.
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BARC LN (Barclays PLC)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: UST MORNING CALL: Auction Announcement; Payrolls Impact Weighed

UST MORNING CALL: Auction Announcement; Payrolls Impact Weighed

(Bloomberg) -- Focus on recent front-end underperformance given global risk environment; impact of U.S. payrolls data due tomorrow seen as more unpredictable; bias toward buying dips.
  • Front-end of curve lagging in the last few days as coming data will marginally impact Fed timing, while long-end appears to be in waning days of yield grab, BMO writes in a client note
    • No clear level of NFP gains at which market would price high probability of Fed rate increase this year: BMO
  • Treasury set to announce auction sizes at 11am; expect amounts to be unchanged from prior month at $24b 3Y, $20b 10Y, $12b 30Y; fair value 3Y roll is +1.5b, JPMorgan writes in a client note
  • Favor buying pullbacks on yield back-up after ADP, given global demand for rates products outweighs availability, Seaport Global’s Tom Digaloma writes in a client note
  • Technicals:
    • Resistance: 134-07/07+ (June 24, July 6 highs)
    • Support: 133-00 (July 4 low), 132-14+ (50% of June 24 range), 131-01 (61.8% Fibonacci retracement of June 24 range)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Tom Di Galoma (Seaport Group LLC/The)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Microsoft’s Nadella Reshapes Management Team as Turner Leaves

Microsoft’s Nadella Reshapes Management Team as Turner Leaves

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
MSFT US (Microsoft Corp)

People
Satya Nadella (Microsoft Corp)
Amy Hood (Microsoft Corp)
Brian Turner (Microsoft Corp)
Christopher Capossela (Microsoft Corp)
Jean-Philippe Courtois (Microsoft Corp)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

(Bloomberg) -- Initial jobless claims seen at 269k in wk ended July 2 vs 268k prior wk (forecast range 255k to 275k)
  • Estimating claims for rest of July could be difficult; auto industry typically closes plants, furloughs workers during annual retooling: Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283