HALISTER1: Japan 10-Year Yield Could Reach 0.45% by Year-End, Nikko AM Says

Japan 10-Year Yield Could Reach 0.45% by Year-End, Nikko AM Says

(Bloomberg) -- Ten-year Japanese govt bond yield could rise to 0.45% by year-end, buoyed mainly by a recovery in the U.S. economy which may boost Treasury yields to 3%, Naoki Kamiyama, chief strategist at Nikko Asset Management in Tokyo, said in an interview.
  • Even within a yield-curve control framework, economic environment should pick up enough for BOJ to accept a gradual rise in long-term yield
  • BOJ won’t need to do anything for some time, meaning 10-yr JGB yield could rise to 0.45%
    • 20-year JGB yield may reach 1%
  • No matter who’d won the U.S. election, recovery trend in the U.S. economy wouldn’t have changed though the speed probably quickened on Trump’s win, Kamiyama says
  • Sees Nikkei 225 reaching 22,500 yen at year end
  • NOTE: 10-year JGB yield slipped to 0.085% Thursday; it rose to a one-year high of 0.15% on Feb. 3, spurring the BOJ to conduct an unlimited fixed rate bond purchase operation; 20- year yield was at 0.675%
  • NOTE: Nikko Asset’s AUM is around 17.9 trillion yen ($159b)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Naoki Kamiyama (Nikko Asset Management Co Ltd)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Wholesale Inventories Due in 5 Minutes

U.S. ECO PREVIEW: Wholesale Inventories Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Wholesale Inv. 1% m/m; range 0.4% to 1% (24 estimates)
    • Preliminary December data showed 1.0% increase, same as Nov.; largest gains since 2014
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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HALISTER1: Bitcoin Falls; China Exchange Huobi.com Suspends Withdrawals

Bitcoin Falls; China Exchange Huobi.com Suspends Withdrawals

(Bloomberg) -- Bitcoin prices fall as much as 10% in the U.S., set for biggest decline in 4 weeks.
  • China bitcoin trading platform Huobi.com suspends withdrawals of bitoin and litecoin during system upgrade, it says in statement on website.
    • System upgrade to prevent illegal activities including money laundering, currency conversion, pyramid sales
  • To restore withdrawals after upgrade, which is expected to take as long as 1 month
  • NOTE: Feb. 8, PBOC Bans Bitcoin Exchanges from Financing, Money Laundering
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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HALISTER1: CAALT 2017-1 - DBRS Presale Report

CAALT 2017-1 - DBRS Presale Report

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

People
Lain Javier Gutierrez (Dbrs Inc)
Chris O'Connell (DBRS Inc)
Lain Gutierrez (DBRS Inc)
Maxim Berger (DBRS Inc)

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Credit Analysis Research
Credit Research
Fixed Income Research
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UUID: 7947283

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

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

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Initial Claims 249k; range 235k to 260k (46 estimates)
  • Cont. Claims 2058k; range 2050k to 2075k (6 estimates)
    • Claims below 300k for 100 weeks, longest period since 1970
    • "Little sign of deviating from that trend"; suggests "businesses anticipate a steady pace of aggregate demand": Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283