Epstein Secrets

ludes Aramco at $ltrn and 5% listing). We could see inflows of $20-40bn vs $113n ADV. Foreign ownership less than 1%. On the Saudi gnvt changes-. Mohamed Bin Salman (MBS) has replaced his uncle Mohamed Bin Naif (MBN) as Crown Prince. MBS, the 31 year old son of King Selman, is now heir to the throne. Although thi

n and 5% listing). We could see inflows of $20-40bn vs $113n ADV. Foreign ownership less than 1%. On the Saudi gnvt changes-. Mohamed Bin Salman (MBS) has replaced his uncle Mohamed Bin Naif (MBN) as Crown Prince. MBS, the 31 year old son of King Selman, is now heir to the throne. Although this has

s than 1%. On the Saudi gnvt changes-. Mohamed Bin Salman (MBS) has replaced his uncle Mohamed Bin Naif (MB

st,Strategist MLI (UK) Hootan Yazhari, CFA Sabine Schels Research Analyst IvWing Lynch (DIFC) Jamie Clark, CFA Commodity Strategist MLI (UK) Research Analyst MLI (UK) Cesar Tiron Sashank Lanka Research Analyst Merril Lynch (DIFC) Belal Rajih Sabbah, CFA Research Analyst Merril L h DIFC) Jean-Mich

ook in MSS and Securitized Products. Slow motion housing The slow rebound in US housing since the 2008 crisis at some point has to put a limit on MBS supply. Although this year is still likely to put up more net supply than last, it all starts with housing where a lingering overhang of supply, we

of new single-family detached houses. The single-family market has to clear before housing overall gets back to normal. Page 32 St*.re Alx.thhim Research Analyst Research Analyst Research Analyst 1. e.,:no Research Analyst Research Analyst hMt F;y:, Research Analyst Deutsche Bank Securities Inc. CONF

wth and decelerating home price appreciation. Adding up to fair value in 62/FN With the first month of MIP-induced prepayments behind us and agency MBS prices showing some signs of stability post the March FOMC meeting, now presents a fine time to revisit relative value in agency pass-throughs. Sti

even though it is negative carry (-1/32 per month) • GN2/FN 4.0% looks modestly rich, and being short is slight positive carry (<1/32 per month) Research Analyst Research Analyst [Figure 6.. Framework for evaluating fair value in Ginnie Mae II/Fannie Mae swaps Cpn FNCL Px OAS OAD Incremental value (discou