HALISTER1: UST 5/30 Flattener Has Legs for Next 6 to 8 Wks, BofAML Says

UST 5/30 Flattener Has Legs for Next 6 to 8 Wks, BofAML Says

(Bloomberg) -- 5/30 curve steepening unleashed today by weak May jobs report has limited scope to continue because “intermediate forwards don’t have enough juice to decline significantly if risk assets correct or global yields decline,” BofAML strategist Shyam Rajan says in note.
  • Compared with Aug. 2015 and Jan. 2016, periods when 5/30 curve steepened, forwards from 2y1y to 4y1y are 70bp-100bp lower
  • Unless market prices in rate cuts, forwards have limited scope to decline, and curve would probably bull flatten before pricing in higher rate-cut probabilities
  • BofAML recommends 3y fwd 2s10s flatteners (49bp), expects 5s30s steepening to stall beyond 130bp
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Shyam Rajan (Bank of America Corp)

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UUID: 7947283

HALISTER1: Guatemala Banking Executives Wanted in Corruption Probe: Soy502

Guatemala Banking Executives Wanted in Corruption Probe: Soy502

(Bloomberg) -- Authorities issued arrest warrants for the president of Guatemala’s Banco de Desarrollo Rural and the CEO of Banco G&T Continental on allegations of money laundering during the previous government, Soy 502 reported citing Attorney General Thelma Aldana.
  • Banco G&T Continental said in a statement that it “complies with Guatemalan law and those of all the countries in which it operates.”
  • Banco de Desarrollo Rural did not immediately return a call seeking comment
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Qatar CEO Blasts ‘Wicked’ Delta Actions That Ruined Atlanta Trip

Qatar CEO Blasts ‘Wicked’ Delta Actions That Ruined Atlanta Trip

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
DAL US (Delta Air Lines Inc)
105701Z QD (Qatar Airways Ltd)
AIR FP (Airbus Group SE)
280456Z CN (International Air Transport Association)

People
Akbar Baker (Qatar Airways Ltd)
Edward Bastian (Delta Air Lines Inc)
Fabrice Bregier (Airbus SAS)
William Walsh (International Consolidated Airlines Group SA)

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UUID: 7947283

HALISTER: JPMorgan CEO Says U.S. Presidents Shouldn’t Point Fingers (2)

JPMorgan CEO Says U.S. Presidents Shouldn’t Point Fingers (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)

People
James Dimon (JPMorgan Chase & Co)
Brian Moynihan (Bank of America Corp)
Donald Trump (Trump Hotels & Casino Resorts Inc)
George Osborne (United Kingdom of Great Britain and Northern Ireland)
Hillary Clinton (United States of America)

Topics
Bloomberg Politics

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UUID: 7947283

HALISTER: JPMorgan CEO Says Presidents Shouldn’t Point Fingers (Correct)

JPMorgan CEO Says Presidents Shouldn’t Point Fingers (Correct)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
JPM US (JPMorgan Chase & Co)

People
James Dimon (JPMorgan Chase & Co)
Brian Moynihan (Bank of America Corp)
Donald Trump (Trump Hotels & Casino Resorts Inc)
George Osborne (United Kingdom of Great Britain and Northern Ireland)
Hillary Clinton (United States of America)

Topics
Bloomberg Politics

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UUID: 7947283