Trading Ideas

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Trading Ideas

AXA expects to book $3.1 billion gain from EQH exit

November 9, 2019 admin Comments Off on AXA expects to book $3.1 billion gain from EQH exit

French insurer AXA said it expected to book net proceeds of $3.1 billion from the sale of a 29% stake in AXA Equitable Holdings (EQH) as it exits its U.S. life insurance business. AXA, the second-largest European insurer after Germany’s Allianz , has been gradually divesting from EQH to raise funds to pay for its $15 billion acquisition of Bermuda-based rival XL last year. AXA said in a statement on Friday it had sold 144 million EQH shares at $21.80 per share to Goldman Sachs , the sole underwriter in a secondary public share offering expected …read more […]

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This Red Alert Is Now Flashing Bright on the Bond Trader’s Radar

November 9, 2019 admin Comments Off on This Red Alert Is Now Flashing Bright on the Bond Trader’s Radar

(Bloomberg) — A bond-market warning light that glowed green for years is suddenly flashing red. The bad news for bondholders is that the last time this happened, it was accompanied by the biggest sell-off since the aftermath of the global financial crisis.That indicator is the term premium, which, for both Treasuries and German bunds, has snapped back from last quarter’s record lows. The U.S. gauge is now on track for the biggest three-month increase since late 2016.After a stellar rally through August, global bonds have pulled back in recent weeks as thawing trade tensions lightened the global economic gloom, sapping …read more […]