HALISTER1: Laurel Road Prime Student Loan Trust 2017-B - DBRS Presale Report

Laurel Road Prime Student Loan Trust 2017-B - DBRS Presale Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Corina Gonzalez (DBRS Inc)
Quincy Tang (Dbrs Inc)
Zhen He (DBRS Inc)

Topics
Fixed Income Research
Reports
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER: Deutsche Bank Is Said to Weigh Moving $350 Billion to Frankfurt

Deutsche Bank Is Said to Weigh Moving $350 Billion to Frankfurt

(Bloomberg) -- Deutsche Bank AG to begin balance sheet migration in September 2018 and complete it March 2019, according to person with knowledge of matter who asked for anonymity in discussing internal planning.
  • Bank wants to have built front-to-back technology and processes by June 2018 under project dubbed Bowline
  • Bank plans to start informing clients from September 2017 that their contracts will be switched to Frankfurt
  • A spokeswoman for Deutsche Bank declined to comment
  • NOTE July 20: Deutsche Bank preparing for hard Brexit, CEO John Cryan tells staff
To contact the reporters on this story: William Canny in London at wcanny3@bloomberg.net; Steven Arons in Frankfurt at sarons@bloomberg.net To contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net Christian Baumgaertel, Jon Menon

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DBK GR (Deutsche Bank AG)

People
John Michael Cryan (Deutsche Bank AG)

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UUID: 7947283

HALISTER1: Fed July Taper News Would Likely Flatten Curve: Credit Agricole

Fed July Taper News Would Likely Flatten Curve: Credit Agricole

(Bloomberg) -- An announcement this week on the timing of a Fed balance-sheet taper would likely cause the curve to “flatten out to the 5Y sector” because the surprise “would be negative for risk assets,” Credit Agricole strategist Alex Li writes in July 24 note.
  • Surprise would be an early or “hawkish” normalization, and negative for “equities, TIPS breakevens and spread products” because of potentially higher short-term rates
    • Credit Agricole expects Fed’s balance-sheet taper announcement in September, and officials to “telegraph” the timing of the taper announcement this week
  • If additional borrowing is initially funded by higher issuance in bills and short-dated notes, “yield curve is likely to flatten, all else equal”
  • Treasury should increase issuance across curve over long term “so that no one particular sector is materially affected by higher issuance as a result of the taper”
To contact the reporter on this story: Anna Windemuth in New York at awindemuth1@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Vivien Lou Chen

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Alex Li (Credit Agricole SA)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Markit PMI Indicators Due in 5 Minutes

U.S. ECO PREVIEW: Markit PMI Indicators Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Markit Manu. PMI 52.2; range 5.3 to 53.6 (18 estimates)
  • Markit Services PMI 54.2; range 53.3 to 54.8 (10 estimates)
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Guardian (GB): Jared Kushner sealed Manhattan real estate deal with oligarch's firm cited in money-laundering case

Guardian (GB): Jared Kushner sealed Manhattan real estate deal with oligarch's firm cited in money-laundering case

Alert: HALISTER1
Source: BES (Bloomberg Editorially Selected)

Tickers
3252Z US (President & Fellows of Harvard College)
3603126Z US (Trump Organization Inc/The)
32663Z US (United States Senate)

People
Donald J Trump Jr (Trump Hotels & Casino Resorts Inc)
Donald Trump (United States of America)
Jared Kushner (United States Office of the President)
Laurence H Tribe (President & Fellows of Harvard College)
Lev Leviev (AFI Development PLC)

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UUID: 7947283