HALISTER1: U.S. Structured Finance Newsletter - February 6, 2017

U.S. Structured Finance Newsletter - February 6, 2017

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

People
Charles Weilamann (DBRS Inc)
Chris Donofrio (Dbrs Inc)
Chris O'Connell (DBRS Inc)
Christopher D'Onofrio (DBRS Inc)
Claire Mezzanotte (DBRS Inc)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Industry & Sector Research
Investment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Sell Fred’s Calls, Kellogg Put Spread, MKM Partners Recommends

Sell Fred’s Calls, Kellogg Put Spread, MKM Partners Recommends

(Bloomberg) -- Sell Fred’s March $17.50 calls to extract volatility premium from stock until there’s more clarity around company’s deal with WBA, RAD, MKM derivatives strategist Jim Strugger recommends.
  • Notes 100bp decline in FRED put/call ratio over last 60 days; ~200% jump in total open interest
  • Recommends selling Kellogg July $67.50/$60 put spread to finance purchase of march $77.50 calls
  • NOTE: Feb. 1, Get Long Video Game Stocks Before Upcoming Earnings Reports: MKM
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
K US (Kellogg Co)
FRED US (Fred's Inc)

People
Jim Strugger (MKM Partners LLC)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Bank of Israel Approves Increased Equity, Corp Bond Holdings

Bank of Israel Approves Increased Equity, Corp Bond Holdings

(Bloomberg) -- Central bank’s monetary committee recommends changes to allocations of foreign currency reserves in 2017, according to e-mailed statement.
  • Recommends lowering government bond holdings to 79.5% in 2017 from 84.5% in 2016, with duration of less than two years; raising stock holdings to 12.5% from 10%; raising corp. bond holdings to 8% from 5.5%
  • NOTE: Bank of Israel has $98.4b in foreign currency reserves as of Dec.
Story Link:NSN OE5VJH6KLVT7
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Israel Needs to Cut Debt Burden More for Rating Change: Lindow

Israel Needs to Cut Debt Burden More for Rating Change: Lindow

(Bloomberg) -- There is “potential” for an upward revision in Israel’s credit rating, Moody’s Senior Vice President Kristin Lindow says in Tel Aviv conference.
  • Country’s economic resilience, financial strength “very high”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Kristin Lindow (Moody's Investors Service Inc)

To de-activate this alert, click here

UUID: 7947283