BNP Says Hurricane-Related Data Disruption Unlikely to Be Resolved Before Fed December Meeting

BNP Says Hurricane-Related Data Disruption Unlikely to Be Resolved Before Fed December Meeting

BNP said they see data likely to be disrupted by the hurricanes, and the uncertainties surrounding the inflation outlook are unlikely to be resolved before the December Federal Reserve meeting, but the “committee is sending a fairly strong signal that they could look through the data disruptions as the majority continue to expect one more hike this year,” they said. Admittedly, BNP said they feel nervous about their forecast for […]

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Treasuries End in Full Bear Flattener After FOMC Seen as Hawkish

Treasuries End in Full Bear Flattener After FOMC Seen as Hawkish

After opening in the usual holding pattern with 10Y yields just inside the 100-day moving avg of 2.24%, Treasuries ended in a full bear flattener after a “hawkish” FOMC announcement. Prior to the announcement, Treasuries were confined to a tight range with small real money short cover spotted in December 10Y on the open followed by small trading type accounts doing 5/30Y steepeners while real money sold MBS to buy […]

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Yum! Brands’ Pizza Hut Threatened Evacuating Workers With Disciplinary Action

Yum! Brands’ Pizza Hut Threatened Evacuating Workers With Disciplinary Action

A Yum! Brands’ (YUM) Pizza Hut franchise in Florida threatened its employees with disciplinary action if they evacuated ahead of a “24-hour period before storm grace period,” according to an employee memo posted in the restaurant and shared on social media. The memo said employees must return from an evacuation within 72 hours. “Failure to show for these shifts, regardless of reason, will be considered a no call/no show and […]

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Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge to Buy 70% Ownership Interest in IOI Loders Croklaan for $946 Mln

Bunge (BG) said Tuesday it has agreed to acquire a 70% ownership interest in IOI Loders Croklaan from IOI Corporation Berhad for $946 million. Bunge said Loder’s portfolio includes palm and tropical oil-derived products, confectionery, bakery and infant nutrition applications. The company said the transaction will be immediately accretive to cash earnings, with Loders seen generating $105 million of EBITDA in 2018 on a stand-alone basis, plus the transaction is […]

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