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Extraction Summary
2
People
3
Organizations
3
Locations
3
Events
2
Relationships
3
Quotes
Document Information
Type:
Financial research report / strategy document
File Size:
Summary
This is a page from a 'Global Cross Asset Strategy - Year Ahead' report published by Bank of America Merrill Lynch on November 30, 2016. It details financial market strategies regarding credit spreads in Europe and the US, specifically recommending buying 30-year US Investment Grade (IG) industrial spreads and analyzing European 'Long Xover short Main' positions. The document bears the Bates stamp 'HOUSE_OVERSIGHT_014451', indicating it was produced as part of a congressional investigation, likely related to financial institutions' records.
People (2)
| Name | Role | Context |
|---|---|---|
| Ioannis Angelakis | Analyst/Strategist (implied) |
Thinks that rising political risks in the following twelve months are likely to weigh on iTraxx Main performance.
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| Hans Mikkelsen | Credit Strategy Analyst |
Thinks IG corporate spread maturity curves will super-flatten; expects 30yr corporate bond market to generate 8%-9% t...
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Organizations (3)
| Name | Type | Context |
|---|---|---|
| Bank of America Merrill Lynch |
Author of the Global Cross Asset Strategy report.
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| European Commission |
Submitted a proposal for AT1 coupons to be prioritized over common dividends.
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| House Oversight Committee |
Implied recipient of document via Bates stamp 'HOUSE_OVERSIGHT'.
|
Timeline (3 events)
2016-11-30
Locations (3)
| Location | Context |
|---|---|
|
Region for credit spread analysis (Long Xover short Main).
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Region for credit spread analysis (Buy 30y US IG Industrial spreads).
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Mentioned regarding 'Italian banks recap'.
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Relationships (2)
Cited as a colleague in Credit Strategy within the BofA report.
Cited as providing analysis within the BofA report.
Key Quotes (3)
"US high-grade is the market our colleagues in Credit Strategy are most bullish into 2017."Source
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Quote #1
"Hans expects the 30yr corporate bond part of the market to generate 8%-9% total returns next year."Source
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Quote #2
"The main short term risk for the trade is the fate of the Italian banks recap, so we will be watching closely to see how that develops."Source
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Quote #3
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