HALISTER1: JGBs Decline; 10-Year Yield May See Buy on Dip at 0.05%: JPM

JGBs Decline; 10-Year Yield May See Buy on Dip at 0.05%: JPM

(Bloomberg) -- JGBs fall across curve on back of market correction of recent rally, says Takafumi Yamawaki, Tokyo-based chief rates strategist at JPMorgan, in an interview.
  • While 10-year yield of 0.05% may see buy-on-dip interest, trading volume is small and investors seem to be taking a wait-and-see stance: Yamawaki
  • Says U.S.’s quarterly funding scheduled for this week may weigh on global bond markets
  • Two-year yield up 0.5 bp to -0.190%; 10-year yield up 2.5 bps to 0.045% and 30-year yield up 1.5 bps to 1.070%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Takafumi Yamawaki (JPMorgan Securities Japan Co Ltd)

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UUID: 7947283

HALISTER: It’s Existential for Anglo American as CEO Faces His Investors

It’s Existential for Anglo American as CEO Faces His Investors

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AAL LN (Anglo American PLC)

People
Mark Cutifani (Anglo American PLC)
Norman Mackechnie (Momentum Asset Management)
Paul Gait (Sanford C Bernstein & Co Inc)
Richard Knights (Liberum Capital Ltd)

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UUID: 7947283

HALISTER: Pimco Sees Biggest Flows in Europe From Yield-Hungry Insurers

Pimco Sees Biggest Flows in Europe From Yield-Hungry Insurers

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
21429Z US (Pacific Investment Management Co LLC)
ALV GR (Allianz SE)
PTTRX US (PIMCO Total Return Fund)
BLK US (BlackRock Inc)

People
Matthieu Louanges (PIMCO Deutschland GmbH)
William Gross (Janus Capital Management LLC)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Drake and Scull Water Cut; Renew Power Raised

INDIA RATINGS: Drake and Scull Water Cut; Renew Power Raised

(Bloomberg) -- A roundup of debt rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES:
  • Divyaratna Agrotech
    • Long-term bank facilities cut to D from BB- at Care Ratings
    • Cites overdrawing in cash credit account, delay in servicing of interest due to weak liquidity position
  • Drake and Scull Water and Energy India
    • LT bank facilities cut to BBB+ (SO) from A- (SO) at Care Ratings
    • Cites deterioration in credit profile of guarantor Drake & Scull International due to moderation in financial risk profile in 2014 and continued weak profitability
  • Sri Anjaneya Agro-Tech
    • LT bank facilities cut to B+ from BB- at Care Ratings
    • Cites net losses in FY15, substantial weakening of operational performance during 1H of FY16
UPGRADES:
  • Renew Power Ventures
    • LT bank facilities revised to A+ from A at Care Ratings
    • Cites strong capital base for funding under development as well as future projects
  • Shri Vardhaman Rice Mills
    • LT bank facilities raised to B+ from B at Care Ratings
    • Cites significant growth in total operating income during FY15
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DSI UH (Drake & Scull International PJSC)
1046710D IN (ReNew Power Ventures Pvt Ltd)

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UUID: 7947283

HALISTER: Morgan Stanley to Hire More Bankers in Japan as Competitors Loom

Morgan Stanley to Hire More Bankers in Japan as Competitors Loom

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
8306 JP (Mitsubishi UFJ Financial Group Inc)
MS US (Morgan Stanley)
8604 JP (Nomura Holdings Inc)
C US (Citigroup Inc)
GS US (Goldman Sachs Group Inc/The)

People
Haruo Nakamura (Mitsubishi UFJ Morgan Stanley Securities Co Ltd)
Shigesuke Kashiwagi (Nomura Holdings Inc)

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UUID: 7947283