HALISTER: Railroads Face Commodities Grind With Merger Effort Sidelined

Railroads Face Commodities Grind With Merger Effort Sidelined

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
CSX US (CSX Corp)

People
Anthony Hatch (Natwest Markets)
Benjamin J Hartford (Robert W Baird & Co Inc)
E Harrison (Canadian Pacific Railway Ltd)
Logan Purk (Jones Financial Cos LLLP/The)

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UUID: 7947283

HALISTER1: Deutsche AM Lifts Bunds to Overweight; EU Stocks Cut to Neutral

Deutsche AM Lifts Bunds to Overweight; EU Stocks Cut to Neutral

(Bloomberg) -- Deutsche Asset Management upgrades bunds and periphery bonds to overweight after the ECB extended its QE purchases, analysts write in the April CIO newsletter.
  • The scope for further rate cuts looks increasingly limited with changes to the ECB’s QE more probable, supporting a broadly positive view on all fixed-income products in the euro zone that have some credit risk, Joe Benevento and Joern Wasmund, Global Co-Heads of Fixed Income/Cash write
  • Deutsche AM cut euro zone and German equities to neutral, to reflect tensions including the migration crisis and radicalization of the political landscape, as well as “Brexit” risks
  • Also downgrades financial stocks to neutral as the introduction of negative rates and the flat U.S. yield curve look set to weigh heavily on the sector
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Joern Wasmund (Deutsche Bank AG)
Joseph Benevento (Deutsche Bank AG)

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UUID: 7947283

HALISTER: Anchorage Said to Hire Morgan Stanley Credit Trader Drew Goldman

Anchorage Said to Hire Morgan Stanley Credit Trader Drew Goldman

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
MS US (Morgan Stanley)
8302926Z US (Anchorage Capital Group LLC)

People
Andrew Goldman (Morgan Stanley)
Edward Bayliss (Morgan Stanley)
Jonathan Gasthalter (Sard Verbinnen & Co)
Scott Goodwin (Anchorage Capital Group LLC)

Topics
Who's News - People

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UUID: 7947283

HALISTER1: UST 3Y ‘Auction Process Will Be Smooth,’ JPMorgan Says

UST 3Y ‘Auction Process Will Be Smooth,’ JPMorgan Says

(Bloomberg) -- Valuations are “fair,” roll is trading “modestly wide,” and dealer inventories in 2Y-6Y sector are at low end of 6 mo. range, suggesting $24b auction at 1pm ET “will be absorbed with relative ease,” JPMorgan strategists led by Jay Barry say in April 11 note.
  • Since last auction 3Y yields have declined by ~20bp amid Fed’s “dovish shift,” and sector appears “fairly valued along the curve”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)

People
Jay Barry (JPMorgan Chase & Co)

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UUID: 7947283