HALISTER1: Korean Won, Taiwan Dollar, Rupee Forwards Most Active on DTCC

Korean Won, Taiwan Dollar, Rupee Forwards Most Active on DTCC

(Bloomberg) -- USD/KRW non-deliverable forwards accounted for 44.5% of total volume today, according to trades reported to DTCC; USD/TWD second-most active at 13.0%, USD/INR third at 11.9%.
  • Notional amounts traded include:
    • $500m+ of USD/KRW at 1,184.00; matures Nov. 23
  • Total volume was $8.7b as of 2:37pm HKT; global total yesterday was $51.8b, with USD/KRW accounting for 23.8%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Philips Lighting IPO Said to Be Covered on Full Deal Size

Philips Lighting IPO Said to Be Covered on Full Deal Size

(Bloomberg) -- Books are covered on the full deal size, including the greenshoe, according to two people familiar with the offering.
  • NOTE: Philips Lighting is offering shares at EU18.50-EU22.50 apiece Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
PHIA NA (Koninklijke Philips NV)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: April FOMC Minutes May Jolt Mkts to Price in Fed Hike: Citigroup

April FOMC Minutes May Jolt Mkts to Price in Fed Hike: Citigroup

(Bloomberg) -- April FOMC minutes may open door to a hike before the end of the summer, but not point to June as explicitly as Oct. 2015 minutes pointed to Dec. increase, Steven Englander, Citigroup head of G-10 FX strategy writes in note received today.
  • To signal a Fed rate increase is being considered, FOMC’s April minutes may say something like “many participants thought a further hike would be appropriate by end summer”
    • Such wording would be good enough to take June rate hike probability to about 25%, July 55%, Sept. 65% and Dec. above 100%
    • If so, asset markets will still be pressured, but without June risk getting bloated
  • Possible there will be aggressive EM and fixed income market selling through today, reflecting extent to which any June raising had been priced out: Englander
  • NOTE: FOMC April 27 meeting minutes due 02:00pm EST
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Steven Englander (Citigroup Inc)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Strong Philippine GDP May Not Prevent Peso Weakening: Charts

Strong Philippine GDP May Not Prevent Peso Weakening: Charts

(Bloomberg) -- USD/PHP 1-month NDF is at risk of rising toward 100-DMA in near term after Fed’s Williams, Lockhart said June meeting is live, and ahead of G-7 gathering this weekend, Bloomberg strategist Mark Cranfield writes.
  • Philippines 1Q GDP seen growing 6.9% y/y, up from 6.3% in 4Q, according to median est. in Bloomberg survey; range of estimates from 6.2% to 7.6%, data due Thurs. at 10am local
  • Momentum studies in oversold territory, suggesting limited downside for 1-month NDF; chart here
    • Slow stochastics %K at 18, Williams %R at -79
  • USD/PHP 1-month NDF now up 0.3% to 46.65; below 100-DMA at 47.13 since May 10
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER: BlackRock Hires Ex-Hedge Fund Founder Ferrier for Private Credit

BlackRock Hires Ex-Hedge Fund Founder Ferrier for Private Credit

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BLK US (BlackRock Inc)
2261962Z US (Hedge Fund Research Inc)

People
Justin Ferrier (MYO Capital Advisers Ltd)
Neeraj Seth (BlackRock Inc)

Topics
Who's News - People
Mutual Fund and Portfolio Manager Changes

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

UUID: 7947283