HALISTER1: UST MORNING CALL: ‘Very Attractive’ From Global Perspective

UST MORNING CALL: ‘Very Attractive’ From Global Perspective

(Bloomberg) -- “While the 1.89% 10Y yield offered by the Treasury market may seem midrange and uninspired given the U.S. economic and inflation profile, from a global perspective it remains comparatively very attractive,” CRT strategist David Ader says in note.
  • “Moreover, with the outlook for the dollar stable at worst, improving if the Fed’s able to make more meaningful progress towards normalization, the prospects for the Treasury market are enhanced further”
  • Other observations from strategist morning notes:
  • BMO (Aaron Kohli ): “Majority of the UST response to the Brussels attacks was largely undone into the U.S. open, and we anticipate range trading to prevail”
  • FTN (Jim Vogel): “Although lower inflation has been a global event, markets are treating its return as a U.S. event,” and “the difference in term inflation expectations explains all of the widening between U.S. and German yields, for example, now that the Fed has dialed down its December rate outlook”
  • Marty Mitchell (independent): “We will be keying on support on the 10yr at the 10dma at 1.92% (Monday’s low)” and are “concerned about a series of lower highs (price basis) on the 10yr since last Thursday,” as “this dynamic puts support at 1.92% at risk of falling to selling pressure”
    • “Direction in yields this morning should be tied to the direction in equities, so it is advisable to monitor the flows on the U.S. equity futures early and the broad market after the opening bell”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Aaron Kohli (Bank of Montreal)
David Ader (CRT Capital Group LLC)
Jim Vogel (Ftn Financial)
Marty Mitchell (The Mitchell Market Report LLC)

Topics
UST Morning Call

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UUID: 7947283

HALISTER: Greenberg Family Financial Ties Top $650 Million After AIG Exits

Greenberg Family Financial Ties Top $650 Million After AIG Exits

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AIG US (American International Group Inc)
CB US (Chubb Ltd)
2254655Z PP (Starr International Co Inc)

People
Evan Greenberg (Chubb Ltd)
Jeffrey Greenberg (Aquiline Holdings LLC)
Maurice Greenberg (CV Starr & Co Inc)
Eliot Spitzer (Spitzer Enterprises LLC)

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UUID: 7947283

HALISTER1: Kim Wong to Appear Before March 29 Philippine Hearing on Heist

Kim Wong to Appear Before March 29 Philippine Hearing on Heist

(Bloomberg) -- Kim Wong will appear and testify before Senate Blue Ribbon Committee hearing on March 29, his lawyer Victor Fernandez says in mobile phone message.
  • “We deplore the precipitate filing of a case against my client based on the transcript of stenographic notes of the testimony of Deguito during the Senate,” lawyer says
  • NOTE: Anti-Money Laundering Council filed complaint against Kim Wong before Philippine justice dept. Link
  • Maia Deguito is Rizal Bank branch manager who testified in closed-door Senate hearing on March 17
  • NOTE: How $81 Million Slipped Through Philippine Cracks: Timeline Link
  • NOTE: Philippines at Risk From $81 Million Theft, Senator Says Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Unilever Says It’s ‘Insane’ If Nigeria Currency Policy Stays (2)

Unilever Says It’s ‘Insane’ If Nigeria Currency Policy Stays (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
UNA NA (Unilever NV)

People
Godwin Emefiele (Central Bank of Nigeria Bond)
Kais Marzouki (Nestle Nigeria PLC)
Muhammadu Buhari (Federal Republic of Nigeria)

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UUID: 7947283

HALISTER1: Belgium Blasts Challenge EU Solidarity, Refugee Deal: Eurasia

Belgium Blasts Challenge EU Solidarity, Refugee Deal: Eurasia

(Bloomberg) -- Deadly attacks in Brussels may spur xenophobic sentiment in Europe and will likely reinforce skepticism about visa-free travel for Turks, a central point in last week’s deal to stem the flow of refugees into the region, Eurasia analyst Mujtaba Rahman writes in client note.
  • The blasts in Brussels after the attacks in Paris last year will increase xenophobic and anti-immigration sentiment across the EU; this sentiment will likely buoy extremist right wing parties in core Europe and CEE countries
  • And it will put more pressure on incumbent governments and limit their options to address Europe’s multiple crises
  • Schengen will also come under more strain, with the likelihood of more spot checks in areas of strategic concern
  • Lastly, British PM David Cameron has argued the country will be safer in the EU, but these events will make that narrative harder to sell so repeated terrorist events could increase the chances of an “out” vote on June 23
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
David Cameron (United Kingdom of Great Britain and Northern Ireland)

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UUID: 7947283

HALISTER: Vivendi Seeks Italy Dominance With Telecom Italia CEO Ouster (1)

Vivendi Seeks Italy Dominance With Telecom Italia CEO Ouster (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VIV FP (Vivendi SA)
TIT IM (Telecom Italia SpA/Milano)
TIMP3 BZ (Tim Participacoes SA)
BOL FP (Bollore SA)

People
Marco Patuano (Telecom Italia SpA/Milano)
Vincent Bollore (Bollore SA)
Arnaud Puyfontaine (Vivendi SA)
Flavio Cattaneo (Domus Italia Spa)
Giacomo Vaciago (Catholic University Of The Sacred Heart)

Topics
Who's News - People

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UUID: 7947283