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12.05.26 - 11:42
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Neuzugang Natalia Bucci: Anleihen-Team: Alken vereint Ex-JP-Morgan-Trio unter einem Dach (Das Investment)
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Drei Köpfe, eine gemeinsame Vergangenheit bei JP Morgan: Mit Neuzugang Natalia Bucci als Leiterin Anleihen arbeiten drei Ex-Kollegen künftig unter dem Dach von Alken AM zusammen.Von Lombard Odier Investment Managers kommt Natalia Bucci zu Alken Asset Management – als neue Anleihen-Chefin (Head of Fixed Income) und Portfoliomanagerin. Bucci bringt mehr als zwei Jahrzehnte Markterfahrung mit, ihr Spezialgebiet sind Wandelanleihen und Capital-Structure-Investing. Ihre künftigen Teamkollegen Robin Dunmall und Nicolas Dubourg kennt Bucci bereits gut: Alle drei haben früher gemeinsam bei J.P. Morgan Asset Management gearbeitet. Bei Lombard Odier verantwortete Bucci zuletzt das gesamte......
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06.05.26 - 16:21
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Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance (ZeroHedge)
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Treasury Refunding: No Changes To Auction Sizes; Bessent Keeps "At Least" In Forward Guidance
In our preview to this morning's Quarterly Refunding Statement, we said that we do not expect major changes and that, at most, the treasury might adjust its statement language to soften the forward guidance on possibly futures increase in coupon auction sizes with one likely change would be dropping “at least” while retaining the expectation for unchanged coupon sizes over “the next several quarters” (recall Deutsche Bank said it expects nominal coupon increases beginning in February 2027).
Overnight, JPMorgan agreed, writing that while the current auction calendar will leave Treasury well financed through FY27, "we do not think it will be adequate to meet the widening funding gap from FY27 and onward, and we continue to project a series of coupon auction increases beginning in February 2027." Accordingly, like DB, JPM also expected the Treasury to remove “at least?...
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