HALISTER1: Kingdom of Belgium - DBRS Rating Report

Kingdom of Belgium - DBRS Rating Report

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

Tickers
111136Z BB (Kingdom of Belgium)

People
Carlo Capuano (DBRS Inc)
Nichola James (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: New Home Sales, UMich Due in 5 Minutes

U.S. ECO PREVIEW: New Home Sales, UMich Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • New Home Sales 571k; range 540k to 600k (70 estimates)
  • New Homes 6.4% m/m; range 0.8% to 11.9% (70 estimates)
    • Prior month’s sales pace of 536k was lowest in 10 months
    • "Home sales will likely remain weak in the first half of 2017. Nevertheless, this trend will likely prove temporary, as the underlying demand for housing remains solid, and expected income growth this year will likely offset the impact of higher interest rates": Bloomberg Intelligence
  • U. Mich Conf 96; range 95 to 98 (55 estimates)
    • Preliminary February index retreated from 13-year high set in January
    • "It appears as if some of the bloom may be coming off the rose as consumer attitudes are being swayed by the unnerving news cycle during the early weeks of the Trump administration:" BI
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Most Primary Dealers See 2 Fed Hikes This Year Starting in June

Most Primary Dealers See 2 Fed Hikes This Year Starting in June

(Bloomberg) -- While most primary dealers are still expecting the Fed to next raise rates in June, at least four see a rate increase coming sooner.
  • Fed fund futures show a 36% chance of a hike in March, ~60% by May and ~74% by June, according to data compiled by Bloomberg
  • NOTE: Forecasts surveyed Feb. 22-23
  • PRIMARY DEALER VIEWS
  • BANK OF NOVA SCOTIA
    • Expects next hike in June, followed by hikes in September and December
  • BARCLAYS
    • Expects next hike in September and 2 hikes in 2017
  • BMO
    • Expects next hike in June and sees 2 hikes in 2017, with second hike in December
  • BNP PARIBAS
    • Expects next hike in May and sees 3 moves in 2017; read more
  • CANTOR FITZGERALD
    • Expects next hike in June and sees 2 hikes in 2017, with another hike in December
  • CITI
    • Expects next hike in June and sees 2 hikes in 2017, with following hike in December
  • CREDIT SUISSE
    • Expects next hike in June and sees 2 hikes in 2017, with second move in December
  • DAIWA
    • Expects next hike in June and sees 3 hikes in 2017, with following hikes in September and December
  • DEUTSCHE BANK
    • Expects next hike in June and sees 2 hikes in 2017, with second move in September
  • GOLDMAN SACHS
    • Chance of a June hike at 40%, March 30% and May 20%; sees 3 hikes in 2017
  • HSBC
    • Expects next hike in June and sees 2 hikes in 2017, with following move in December
  • JEFFERIES
    • Expects next hike in March, though says it’s a close call between March and June
  • JPMORGAN
    • Expects next hike in May and sees 2 hikes in 2017, with second hike in September; read more
  • MERRILL LYNCH
    • Expects next hike in June and sees 2 hikes in 2017, with second move in December
  • MIZUHO
    • Expects next hike in May and sees 2 hikes in 2017, with following hike to come in 3Q
  • MORGAN STANLEY
    • Expects next hike in September and sees 2 hikes in 2017; read more
  • NOMURA
    • Expects next hike in June and sees 2 hikes in 2017; says there’s upside risk for 3 hikes in 2017
  • RBC
    • Expects next hike in June and sees 2 hikes in 2017, with second move in December
  • RBS
    • Expects next hike in June and sees 2 hikes in 2017, with second hike in December
  • SOCIETE GENERALE
    • Expects next hike in June and sees 2 hikes in 2017, with following hike in December
  • TD SECURITIES
    • Expects next hike in June and sees 2 hikes in 2017, with following move in December; says there’s upside risk for 3 hikes in 2017
  • UBS
    • Expects next hike in June and sees 2 hikes in 2017, with second hike in December
  • WELLS FARGO
    • Expects next hike in June and sees 2 hikes in 2017, with following hike in December
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Le Pen Risk Overdone for Lyxor as Amundi Waits to Buy More Bonds

Le Pen Risk Overdone for Lyxor as Amundi Waits to Buy More Bonds

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
5125Z US (Vanguard Group Inc/The)

People
Marine Le Pen (Natl Front Party)
Andrew Sheets (Morgan Stanley)
Ciaran Ohagan (Societe Generale SA)
Donald Trump (United States of America)
Eiichiro Miura (Nippon Life Insurance Co)

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UUID: 7947283