HALISTER1: The Latest: Senator Tells Intel Panel to 'Follow the Money'

The Latest: Senator Tells Intel Panel to 'Follow the Money'

Alert: HALISTER1
Source: APW (Associated Press)

People
Ronald Wyden (United States Senate)
Devin Nunes (United States House of Representatives)
Donald Trump (United States of America)
Hillary Clinton ((US)2016 Presidential Election)
Mark Warner (United States Senate)

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UUID: 7947283

HALISTER1: Democrats Want Probe of Trump Business Deals in Azerbaijan

Democrats Want Probe of Trump Business Deals in Azerbaijan

(Bloomberg) -- Senate Democrats in letter to Treasury Sec. Steven Mnuchin, FBI Director James Comey and Atty General Jeff Sessions request investigation into whether President Trump’s business dealings in Azerbaijan may have violated anti-corruption laws, according to statement.
  • Democrats ask if dealings “may have served as a channel for money-laundering and other illicit activities tied to Iran’s Islamic Revolutionary Guard Corps”
  • Senators cite March 13 New Yorker article, "Donald Trump’s Worst Deal,’’ that chronicles Trump Organization’s ties with Azerbaijan’s Mammadov family in joint development of Trump Tower in Baku
  • In letter, senators say story raises questions about whether Trump Organization may have violated Foreign Corrupt Practices Act “and the possibility that one of the construction entities involved with the Azerbaijani developers of the project may have been a front organization”
  • Signatories: Sens. Sherrod Brown, D-Ohio; Ben Cardin, D-Md; and Dianne Feinstein, D-Calif.

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3603126Z US (Trump Organization Inc/The)

People
Donald Trump (United States of America)
James Comey (DOJ United States Federal Bureau of Investigation)
Steven Mnuchin (United States of America)
Benjamin Cardin (United States Senate)
Dianne Feinstein (United States Senate)

Topics
First Word DC - Foreign Policy

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UUID: 7947283

HALISTER1: European Residential Loan Securitisation 2017-PL1 DAC - DBRS Rating Report

European Residential Loan Securitisation 2017-PL1 DAC - DBRS Rating Report

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

People
Asim Zaman (Dbrs Europe Ltd)

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

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UUID: 7947283

HALISTER1: Receive NOK 5y5y vs SEK 5y5y as Spread May Compress: Danske Bank

Receive NOK 5y5y vs SEK 5y5y as Spread May Compress: Danske Bank

(Bloomberg) -- Danske Bank recommends receiving NOK 5y5y swaps and paying SEK 5y5y as low Norwegian inflation may trigger an end to the upward trend in the spread, strategist Jostein Tvedt writes in a note.
  • Spread is at its highest level since September 2015 in the aftermath of the oil-led Norwegian business cycle downturn
    • NOTE: Strategist uses 6-month rates on the floating legs
  • Norges Bank’s own projection indicates inflation at end-2020 as low as 1.5%
  • Sees a real probability of a lowering of the inflation target this spring and the first upcoming possible date is tomorrow, when the government presents its Perspectives 2017 report
    • A lowering of the inflation target should lead to a decline in the long-end swap spread versus international peers
  • A key risk to the strategy is volatility in long-end Swedish interest rates, and Swedish inflation below Riksbank’s expectation

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1037Z NO (Norges Bank)

People
Jostein Tvedt (Danske Bank A/S)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: GDP, Initial Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: GDP, Initial Jobless Claims Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • GDP 2% q/q; range 1.8% to 2.1% (74 estimates)
    • Today’s report is the government’s final estimate of 4th quarter GDP; prior report showed an increase of 1.9 percent at an annual rate
    • "The third print of quarterly GDP typically gets minimal attention from market participants. However, in 4Q this coincides with the release of economy-wide corporate profits, so analysts pondering whether hiring momentum will endure or whether private capital investment has the means to accelerate should note the profits trend": Bloomberg Intelligence
  • PCE 3% q/q; range 3% to 3.2% (12 estimates)
  • GDP Price Index 2% q/q; range 2% to 2% (24 estimates)
  • Core PCE Prices 1.2% q/q; range 1.2% to 1.3% (7 estimates)
  • Initial Claims 247k; range 240k to 261k (44 estimates)
    • Prior week’s total of 261,000 was highest since December
    • "Volatile weather-related conditions may disrupt week-to-week postings, but the low level of claims suggests demand is improving since employers are not furloughing staff": Bloomberg Intelligence
  • Cont. Claims 2031k; range 1900k to 2045k (6 estimates)

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283