HALISTER: Rocket Man With Perfect Record Under Fire From Musk’s Low Costs

Rocket Man With Perfect Record Under Fire From Musk’s Low Costs

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
LMT US (Lockheed Martin Corp)
711339Z US (Space Exploration Technologies Corp)
4131293Z US (United Launch Alliance LLC)

People
Elon Musk (Tesla Motors Inc)
Tory Bruno (United Launch Alliance LLC)
Ashton Carter (United States Department of Defense)
John McCain (United States Senate)
Loren Thompson (Lexington Institute)

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UUID: 7947283

HALISTER1: Italy’s Decision Not to Pay Negative Coupons ‘Natural’: BofAML

Italy’s Decision Not to Pay Negative Coupons ‘Natural’: BofAML

(Bloomberg) -- Italy’s decision not to impose a negative coupon on its floating-rate notes is “only natural” as euro-zone countries move to a negative interest-rate environments, Bank of America Merrill Lynch analyst Alexander Batchvarov says in e-mailed comments.
  • Sees this clarification becoming a standard as we move to negative rates
    • “A bond is supposed to pay interest to investors, rather than charge them interest,” he says, pointing to other countries such as Denmark doing the same
  • NOTE: Italy fin min said today a zero coupon would be applied even if the spread implies negative rates on the securities
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Alexander Batchvarov (Merrill Lynch International)

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UUID: 7947283