HALISTER: Gameloft, Ubisoft Shares Jump on Vivendi’s Renewed Deal Push

Gameloft, Ubisoft Shares Jump on Vivendi’s Renewed Deal Push

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
VIV FP (Vivendi SA)
GFT FP (GameLoft SE)
UBI FP (UBISOFT Entertainment)
BOL FP (Bollore SA)

People
Bryan Garnier Am (Bryan Garnier & Co Ltd)
Vincent Bollore (Bollore SA)
Richard Beaudoux (Bryan Garnier & Co Ltd)

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UUID: 7947283

HALISTER1: Favor Back-End EUR Steepeners; ECB May Use Rate Tiering: HSBC

Favor Back-End EUR Steepeners; ECB May Use Rate Tiering: HSBC

(Bloomberg) -- ECB would probably like a steeper EUR curve because flat curves with a deeply negative depo rate may hamper banks’ maturity-transformation practice, HSBC strategist Subhrajit Banerjee writes in client note.
  • ECB excess liquidity is skewed toward core banks, which means they will feel the pressure most in deeply negative rates
  • Favor steepeners at the back-end as QE and private-sector demand can put flattening pressure up to the 10y part
  • Expect ECB will be able to engineer steeper curves via a deeper negative multi-tiered depo system
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Subhrajit Banerjee (HSBC Bank PLC)

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UUID: 7947283