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2024

2023

  • Monthly MBS Issue

    Monthly MBS Issue

    15 November 2023 911 KB PDF
    • RMBS issuance in Y50bn range as higher JGB yields weigh on Flat 35 growth
  • The Boeing Company (BA US)

    The Boeing Company (BA US)

    7 November 2023 1002 KB PDF
    • Lowered delivery target for 737
  • Daiwa's View

    Daiwa's View

    30 October 2023 493 KB PDF
    • Another policy normalization topic: Current accounts structure after ending negative interest rates
    • Handling macro add-on balance will be issue when ending negative interest rates
    • Two-tier structure of 0.0% and +0.1% seen as possible option
  • Daiwa's View

    Daiwa's View

    30 October 2023 429 KB PDF
    • How will BOJ address price forecasts, fate of YCC?
    • Expect ingenuity, communication changes from BOJ
  • AT&T Inc.

    AT&T Inc.

    27 October 2023 617 KB PDF
    • 3Q23 Revenues increased 1% y/y to $30.4bn; Adjusted EBITDA increased 4.6% y/y to $11.2bn driven by higher Mobility, Consumer Wireline and Mexico, partially offset by lower Business Wireline 
  • Daiwa's View

    Daiwa's View

    26 October 2023 454 KB PDF
    • Issues related to Fed insolvency
    • No operational problems
    • But, insolvency associated with worsening US finances could cause problems
  • Daiwa's View

    Daiwa's View

    24 October 2023 438 KB PDF
    • Will price movements start to factor in US economic slowdown?
    • Financial Conditions Index implies substantial slowdown in 2H
  • Daiwa's View

    Daiwa's View

    23 October 2023 709 KB PDF
    • Two interpretations of USD/JPY detachment from US/Japan yield gap