3
Shared Docs
0
Same-Page
3 / 3
Mentions
Investment Strategy
rom a low-yield environment (REITs) outperformed the converse (banks, insurance; Chart 3). However, we expect conditions to reverse into 2017. We see US Treasury yields rising and Japanese core CPI inflation recovering to +1.4% yoy by 2018 and core-core to +1.1% yoy. Stronger inflation and higher foreign yield
Page: HOUSE_OVERSIGHT_014404 →price targets) without repared by BofA Merrill Lynch Global Research personnel are ba: information known to, professionals in other business areas of BofA Merri or disclosed, in whole ormation relating to the tax s rty websi errill Lyne he value, price or income of any security or financial instrument men
Page: HOUSE_OVERSIGHT_014409 →Quantitative Analysis
nonprofit educational facilities Education 660 Special Blue Cross/Blue Shield tax benefits Health 630 Source: BofAML US Equity & Quant Strategy, US Department of Treasury Immediate capex expensing should provide some initial cash tax benefits The shift to the immediate expensing of capital expenditures should provide
Page: HOUSE_OVERSIGHT_023084 →price targets) without repared by BofA Merrill Lynch Global Research personnel are ba: information known to, professionals in other business areas of BofA Merri Research and certain business groups. As a resul he extent this report discusses any legal proceeding or issues, it has not been prepared as nor is i
Page: HOUSE_OVERSIGHT_023095 →83 --- PAGE BREAK --- Rates vol is near all-time lows and is favorable for positioning for a break-out Since the US Election last November, the 10y US Treasury rate has fluctuated between 2.17% and 2.63%, constantly being jostled up or down by various economic forces. It is currently trading towards the bott
Page: HOUSE_OVERSIGHT_023584 →for the use of BofA Merrill Lynch clients and may no or in part, or in any form or manner, without the express written consent of BofA Merrill Lynch. BofA Merri and client websites and other portals by BofA t be redistributed, Lynch Global Research reports are distributed errill Lynch and are not publicly-a
Page: HOUSE_OVERSIGHT_023610 →Entities connected to both BofA Merri and U.S. Treasury

United States
LOCATION
Donald Trump
PERSON
Barack Obama
PERSON
Bill Clinton
PERSON
Marc Rich
PERSON
Paul Ryan
PERSON
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Michael Bloomberg
PERSON
Seoul
LOCATION
Jeff Sessions
PERSON
Frankfurt
LOCATIONUtilities
ORGANIZATION
Merrill Lynch
ORGANIZATIONthe Prudential Regulation Authority
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATIONMerrill Lynch KSA Company
ORGANIZATIONThe Financial Service Board
ORGANIZATIONDSP Merrill Lynch Limited
ORGANIZATION