Archive for January, 2016
Wednesday, January 13th, 2016
This is an earlier report as in a previous note Bloomberg reports book size at $80 billion.
BFW 01/13 15:11 AB InBev Book Size Said to Be Over $60b for 8-Part Deal
AB InBev Long Maturities Said to Attract Most Demand
2016-01-13 15:30:45.317 GMT
By James Holloway
(Bloomberg) -- AB InBev’s 10Y and 30Y tranches ...
Posted in Uncategorized | Comments Off on Giddy About Beer Deal
Wednesday, January 13th, 2016
Via CRT Capital:
We are optimistic about this afternoon's 10-year auction and expect non-dealer interest to be significant (average is 72% for this benchmark) and see the risks skewed toward a stop-through. This morning's selloff has priced-in a modest concession off the recent low yield marks and history shows nine of ...
Posted in Uncategorized | Comments Off on Ten Year Auction
Wednesday, January 13th, 2016
Via Bloomberg:
BFW 01/13 15:11 AB InBev Book Size Said to Be Over $60b for 8-Part Deal
MORE: AB InBev Book Size Said to Be Over $80b for 8-Part Deal
2016-01-13 15:18:30.288 GMT
By James Holloway
(Bloomberg) -- Books said to close at 10:30am.
* Information from person familiar with the matter, who is not
authorized to ...
Posted in Uncategorized | Comments Off on In Bev Deal
Wednesday, January 13th, 2016
Via Bloomberg:
*IPT: AB INBEV 3Y +120A, 5Y +145A, 7Y +165A, 10Y +180A
2016-01-13 12:15:02.669 GMT
Information from person familiar with the matter, who is not authorized to speak publicly and asked not to be identified.
--JAMES HOLLOWAY
-0- Jan/13/2016 12:15 GMT
Posted in Uncategorized | Comments Off on Beer Price Talk
Wednesday, January 13th, 2016
I highly recommend this analysis of the problems that Ms Clinton faces in navigating her way around unusual email arrangement while she was America's chief diplomat. The Justice Department and the Obama Administration will also have unwanted and vexing problems from this issue as the President rides off into oblivion.
Via ...
Posted in Uncategorized | Comments Off on Excellent Analysis Of Hilary Clinton E Mail Problem
Wednesday, January 13th, 2016
Via Marc Chandler at Brown Brothers Harriman:
Hump Day Bump
- Many of the capital markets are enjoying reversals today
- The most important economic news that appears to have helped foster the "risk-on" activity was China's trade figures
- The North American calendar is light
- Brazil reported November retail sales at -7.8% ...
Posted in Uncategorized | Comments Off on FX
Wednesday, January 13th, 2016
I just posted this on the InBev bond deal which is expected today. A Bloomberg story earlier in the day yesterday suggested a $25 billion deal in US dollars. This WSJ story at day's end calls for $30 billion in financing (with possibly more down the road).
Via the WSJ:
By Mike ...
Posted in Uncategorized | Comments Off on More on Beer Financing
Wednesday, January 13th, 2016
This Bloomberg story was out yesterday when I had donned my Grandfather cap rather than my bond market seer cap. The story via Bob Elson at Bloomberg suggests that the financing of InBev's takeover of Miller will come to market today. The story suggests the financing will total $25 billion. ...
Posted in Uncategorized | Comments Off on Beer Financing
Wednesday, January 13th, 2016
Via katie Martin at the FT:
Stocks are rallying while government bond prices are falling as better than expected Chinese trade data, a more stable renminbi and firmer oil prices bolster investors’ risk appetite.
The upbeat tone is helping base metals advance in spite of a stronger dollar. Gold is down $4 ...
Posted in Uncategorized | Comments Off on Happy Days Are Here Again
Wednesday, January 13th, 2016
Via the WSJ:
By Spencer Jakab
Jan. 12, 2016 12:32 p.m. ET
Petrodollars are rapidly turning into petropennies. As oil prices flirt with the $30-a-barrel level, a key question becomes whether producing nations can continue to stand the pain.
Assessing the economic and political risks to major exporters is far from straightforward. Depending on ...
Posted in Uncategorized | Comments Off on Low Oil Prices as Sovereign Pain