Halister News

(Bloomberg) -- Qatar’s National Anti-Money Laundering and Terrorism Financing Committee hired the Financial Integrity Network, a firm led by former U.S. Treasury officials Daniel Glaser and Juan Zarate, to help the country meet "evolving global standards," according a Qatar government statement.

• NOTE: Saudi Arabia, the U.A.E., Bahrain and Egypt -- cut diplomatic and commercial ties with the emirate on June 5, accusing Qatar of supporting Islamist terrorism
• NOTE: July 11, Qatar, U.S. Sign Terror Pact as U.S. Searches for Gulf Deal Qatar, U.S. Sign Terror Pact as U.S. Searches for Gulf Deal (1)

To contact the reporter on this story: Mohammed Aly Sergie in Doha at msergie@bloomberg.net

--CLEMENTINE FLETCHER

(Bloomberg) -- Copasa upgraded to Ba3/A1.br from B1/Baa1.br, outlook changed to stable from negative, according to an emailed note.

• Sanepar upgraded to Ba2/Aa2.br from Ba3/A1.br, outlook changed to negative from stable
• Sabesp affirmed at Ba2/Aa2.br, outlook negative

To contact the reporter on this story: Ana Carolina Siedschlag in São Paulo at asiedschlag@bloomberg.net To contact the editors responsible for this story: Daniela Milanese at dmilanese@bloomberg.net Danielle Chaves

(Bloomberg) -- Investors in search of “additional yield pick-up in the intermediate sector” should consider extending from issues maturing in 2022 and 2023 to early-2024 maturities, Credit Agricole analyst Alex Li says in note.

• After cheapening “over the past few trading sessions,” possibly because of “recent flows in the sector,” early 2024 coupons appear cheap compared to neighboring issues
• 2.25% due 1/31/24 is about 12bp cheap to 1.75% due 1/31/23 vs 9bp in June; is also cheap on butterfly vs Jan-23 and Feb-25
• Steepening in intermediate sector may reflect market repricing probability of a Fed hike by year-end after weak July CPI data, Li said in an interview
• Risk to trade is “another large wave of selling” that further cheapens the sector

To contact the reporter on this story: Anna Windemuth in New York at awindemuth1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Elizabeth Stanton