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The J.P. Morgan View: Local forces are dominating
weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the • Commodities - Stay long Brent and short gasoli
Page: HOUSE_OVERSIGHT_030844 →6%, and its high weight on Financials. Credit • The news flow from the Cypriot bailout continued to push spreads wider and vol higher this week, with European Financials underperforming as creditor bail-in risks returned to the forefront. iTraxx senior and subordinated financials indices widened 20bp as investors soug
Page: HOUSE_OVERSIGHT_030845 →weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the dollar. • Commodities - Stay long Brent and shor
Page: HOUSE_OVERSIGHT_030848 →6%, and its high weight on Financials. Credit • The news flow from the Cypriot bailout continued to push spreads wider and vol higher this week, with European Financials underperforming as creditor bail-in risks returned to the forefront. iTraxx senior and subordinated financials indices widened 20bp as investors soug
Page: HOUSE_OVERSIGHT_030850 →The J.P. Morgan View: Local forces are dominating
weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the dollar. • Commodities — Stay long Brent and shor
Page: HOUSE_OVERSIGHT_031114 →6%, and its high weight on Financials. Credit • The news flow from the Cypriot bailout continued to push spreads wider and vol higher this week, with European Financials underperforming as creditor bail-in risks returned to the forefront. iTraxx senior and subordinated financials indices widened 20bp as investors soug
Page: HOUSE_OVERSIGHT_031115 →Entities connected to both Cyprus and European Financials

Donald Trump
PERSON
Malaysia
LOCATION
JPMorgan Chase
ORGANIZATION
Matthew Lehmann
PERSON
Leo Evans
PERSONSeamus Mac Gorain
PERSONJ.P. Morgan Securities plc
ORGANIZATIONNikolaos Panigirtzoglou
PERSONKuroda
PERSON
John Normand
PERSONEuropean Credit
ORGANIZATION
J.P. Morgan View
ORGANIZATIONMSCI EM
ORGANIZATIONAdrian Mowat
PERSON
K. Gupta
ORGANIZATIONJan Loeys
PERSON
Michael Bloomberg
PERSON
F. Diamond
ORGANIZATION