As our brand migration will be gradual, you will see traces of our past through documentation, videos, and digital platforms.

Transcription

1 We are now Refinitiv, formerly the Financial and Risk business of Thomson Reuters. We ve set a bold course for the future both ours and yours and are introducing our new brand to the world. As our brand migration will be gradual, you will see traces of our past through documentation, videos, and digital platforms. Thank you for joining us on our brand journey.

2 IFR Markets Market-Leading Real-Time Fixed Income and Capital Markets Commentary

3 IFR Markets IFR Markets Delivers Unique Real-Time Commentary and Analysis on Rates, Credit and FX, around the Globe, 24 hours a day. ABOUT IFR MARKETS IFR Markets coverage of primary market issues and in-the-trenches commentary is vital for professional market players. Our comprehensive coverage of the deal life-cycle from rumour through to aftermarket performance an invaluable guide to buyside demand, forward pipeline and pricing sensitivities. IFR Markets delivers across-the-board fixed income, global credit markets and currencies coverage, including major government bond markets, investment-grade credit, high-yield, emerging markets, mortgage and asset-backed securities, interest-rate swaps and major FX pairs. With an editorial team of over one hundred experienced analysts and journalists reporting from across the world s major financial centres IFR s unique combination of commentary, analysis, data and forecasting makes it the place to go for new issues coverage, market flow and sentiment. With over 100 experienced journalists and analysts around the world, IFR reports from all the key financial centres IFR Markets has been available to Eikon Premium and NAFI users since May IFR Markets content is embedded in Eikon News & Research flow plus the New Issue Monitor, while users can access the full functionality through its dedicated app. OUR CAPABILITIES IFR markets credit Market-leading new issues coverage, essential for professionals in syndicate, sales, trading, origination and research. Real-time commentary, plus a wide range of market wraps segmented by asset class and region, give IFR Markets users deep market insight through the trading day. IFR markets rates Rolling coverage and market analysis, including commentary ahead of major events, economic/ data releases and government auctions. Our Rates analysts have extensive markets experience as traders and analysts. IFR markets forex Global and technical analysis. Real-time, indepth coverage of market-moving events, plus live trading recommendations on major currencies. WHY CHOOSE IFR MARKETS? Independent insight and unique trade ideas Considered insight on the latest market developments, as well as forward-looking commentary on markets. We challenge conventional wisdom and examine issues that have not been covered elsewhere. Access all IFR Markets content on Eikon All IFR Markets content is now available on Eikon with integrated news flow and including IFR s New Issues Monitor. Trusted analysis and commentary: Understanding the drivers behind the headline stories and market activity is critical. IFR Markets delivers insight around the clock, helping professionals to track the market, and to identify sales and trading opportunities. 2

4 IFR Markets Deep insight into Global Capital Markets. Customisable landing page MyIFR allows users to personalise their homepage. Guide Quick links to key pages. Headline Viewer Content pop-out to maximise desktop space. Alerts Configure alerts. Choose between: Real-time alerts Morning Digest Evening Digest SEARCH FOR IFR MARKETS TO ACCESS THE IFR MARKETS APP 3

5 IFR Markets Credit Market-leading new issues coverage, essential for professionals in syndicate, sales, trading, origination and research. Real-time commentary, plus a wide range of market wraps segmented by asset class and region. Credit Headlines News, commentary, deal details and market movements updated in real time Credit Derivatives Headlines Comment, analysis and market wraps Deal Pipeline Updated in real time, includes details on: issuers currency deal size tenor price talk Get alerts as deals are updated League Tables Underwriting banks market share updated daily Morning Meeting A condensed early morning wrap US Open/Close Essential daily take on what to expect in the biggest capital market in the world Sample Global Landing Page 4

6 IFR Markets Credit Content Guide GLOBAL PAGES Global IFR Markets Headlines 2400 Global Credit & ABS Headlines Global Credit ex ABS Headlines Global Emerging Markets Credit Headlines Credit Derivatives Headlines Credit Derivatives Squawk Box Global Emerging Secondary Trading Global Economic Calendar 2417 US Economic Calendar Credit Deals Database People & Markets (9003) DEAL REVIEWS Europe Headlines Europe Deal Reviews Americas Headlines Americas Deal Reviews Asia Headlines Asia Deal Reviews INVESTMENT GRADE Bloomberg/Reuters Index HEADLINES International Headlines International Deal Headlines US Headlines 6000 US Deal Headlines SQUAWK BOX International Squawk Box US Squawk Box US Secondary Credit Global IG Squawk Box (96151) COMMENTARY & OPEN/CLOSE US Market Call/Wrap 8242 Americas Deal Reviews US Credit Commentary Europe Credit Open Europe Deal Reviews Europe Corporates Europe Covered Bonds Europe Financials Europe Sovereigns/Supra/ Agencies Europe CDS Europe Credit Commentary (9000) PIPELINE International US Corporate Japan US Corporate Filings/ Announcements US M&A Activity/Funding DEAL PRICING International Deals International Deal Mandates US Corporate Deals New Issue Performance Japanese Deals VOLUME TABLES Weekly Market Volume 6018 Monthly Volume By Rating LEAGUE TABLES All International Bonds All Bonds in Euros All Corporate & GBP Sub Financials & Jumbos US Investment Grade HIGH YIELD Headlines Squawk Box Commentary 8200 Special Studies 8210 Deal Pipeline Deal Pricing US$ and Non US$ League Tables Global League Table Asia League Table AGENCIES Market Call/Wrap 8183 Commentary 8250 Deal Pipeline 6015 Deal Pricing 6012 League Table Redemption Schedule PREFERRED/RETAIL Deal Pipeline Deal Pricing 6017 CANADA Deal Pipeline Deal Pricing Spread Product Corporate Spreads Corporate Benchmark Levels LATAM Bloomberg/Reuters Index Headlines Squawk Box Debt Trading Commentary DEAL PIPELINES & PRICING International Pipeline Domestic Pipeline Int l Deal Pricing Domestic Deal Pricing LEAGUE TABLES & RATINGS League Table Ratings Monitor EEMEA Bloomberg/Reuters Index Headlines EEMEA Squawk Box Middle East Squawk Box 8090 Russian Squawk Box Open Comment Secondary Trading New Issue Commentary DEAL PIPELINES & PRICING International Pipeline Domestic Pipeline Int l Deal Pricing Domestic Deal Pricing LEAGUE TABLES AND RATINGS League Tables Ratings Monitor ASIA Bloomberg/Reuters Index Headlines Squawk Box Asia Credit Market Call/Wrap Asia Deal Reviews Special Regional Reports Primary Issuance Focus Secondary Asian Credit Asia Credit Commentary (9002) PIPELINE Asia G Australia/NZ China Hong Kong Other Asia DEAL PRICING Asia G Australia/NZ China Hong Kong Other Asia COUNTRY SQUAWK BOXES Australia/New Zealand China Hong Kong India/Pakistan/Sri Lanka Indonesia Korea Malaysia Philippines Singapore Taiwan Thailand LEAGUE TABLES International Domestic HKD INR MYR SGD THB TWD STRUCTURED FINANCE Bloomberg/Reuters Index USING THE PAGE GUIDES: HOW TO QUICKLY ACCESS IFR MARKETS CONTENT In Thomson Reuters Eikon Navigate to News & Research and select IFR Markets HEADLINES US Headlines European Headlines Asian Headlines Global Structured Headlines Global CDO Headlines Global CMBS Headlines COMMENTARY US Squawk Box US Market Call European Squawk Box Asian Squawk Box CDO Squawk Box CMBS Squawk Box CMBS Weekly US DEAL PIPELINES & PRICING Deal Headlines Auto Pipeline Auto Deal Pricing CDO Pipeline CDO Deal Pricing CMBS Pipeline CMBS Deal Pricing Credit Card Pipeline Credit Card Deal Pricing Miscellaneous Pipeline Miscellaneous Deal Pricing Real Estate Pipeline Real Estate Deal Pricing Student Loans Pipeline Student Loans Deal Pricing EUROPE DEAL PIPELINES & PRICING ABS Deal Headlines ABS Deal Pricing ABS Pipeline CDO/CLO Deal Headlines CDO/CLO Deal Pricing CDO/CLO Pipeline RMBS/CMBS Deal Headlines RMBS/CMBS Deal Pricing RMBS/CMBS Pipeline ASIA DEAL PIPELINES & PRICING ABS Deal Pipeline ABS Deal Pricing LEAGUE TABLES & SPECIAL FEATURES US ABS League Tables US CDO League Table RMBS League Tables CMBS League Tables ABS Volume Snapshot ABS Benchmark Spreads Enter a page number prefixed with TGM in the Eikon search box to launch a quote page, eg TGM 2400 or IFRINDEX In IFRMarkets.com Navigate to Guide for a complete list of IFR Markets content by region and asset class Enter a page number in the search box, eg 2400 Bold text indicates key feature. 5

7 IFR Markets Credit Newsletters NAME DESCRIPTION AUDIENCE Europe Credit Open Europe New Issue Distribution Snapshot Europe CDS Europe ABS Brief Europe EEMEA Monitor Europe Corporate Update Europe High Yield Update Europe SSA Wrap An early morning roundup of overnight developments in credit and broader market terms, and a look at the key events scheduled for the upcoming session. Includes latest deal pipeline updates and credit rating changes. Tabular data on all interesting bonds from the previous weeks with distribution stats, NIP and secondary performance. A comprehensive review of the day s major moves across credit and related markets, and a look ahead to the next trading session s data and events agenda. Wide-ranging coverage of ABS news including new deals, updates on/restructurings of existing deals and secondary market action. Helping traders fill in the gaps on BWICs. Open and Midday briefs on CEEMEA primary markets activity and key secondary market moves. A daily roundup of primary bond market news, including coverage of new deals in the market, and previously priced deals. The update also covers people moves, industry news and new broader market developments. A daily update on primary high-yield market news. The focus is on primary deals, with in-depth coverage of new issues, as well as secondary news. The update also covers people moves, industry news and new broader market developments. In-depth market coverage of new issuance in the public sector market, covering new issues for sovereigns (syndications), supranationals and agencies. The update also covers people moves, industry news and new broader market developments. It also gives a snapshot of sovereign auctions. Target audience is sales and trading. But also of interest to syndicate, origination, and credit-orientated fund managers and hedge funds. Issuers, syndicate, DCM and sales. Target audience is sales and trading. But also of interest to syndicate, origination, and credit-orientated fund managers and hedge funds. Timing is geared toward both real-time nature of sales/trader but content provides key info for those orientated to origination/ syndicate. DCM/syndicate and traders covering CEEMEA capital markets. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. US Credit Investment Grade Includes Investment Grade Close and US Credit Open. Bond syndicate and origination, issuers, investors, sales and trading. US High Yield Close FIG Briefing A daily update on primary high-yield market news. The focus of the update is on primary deals, with in depth coverage of new issues as well as secondary news. The update also covers people moves, industry news and new broader market developments. A complete take on key funding activity for banks and insurers from across the globe. Bond syndicate and origination, issuers, investors, sales and trading. Bond syndicate and origination, issuers, investors, sales and trading. 6

8 IFR Markets Credit Rolling coverage and market analysis, including commentary ahead of major events, economic releases and government auctions. Our rates analysts have extensive markets experience as traders and analysts. RATES HOME PAGE GIVES QUICK ACCESS TO KEY CONTENT Squawk Box Real-time market and economic commentary plus analysis on rates markets. Economic Calendar Rolling calendar of economic indicator releases for major economies that includes results of Reuters weekly economist polls. Hyperlink drills down to country and regional calendars. Morning Meeting A tear sheet to set up the trading day that includes overnight news and market colour along with a trading bias and scheduled economic data/events for the pending session. US 10-Year Trader Provides real-time market analysis along with critical technical levels for yields, and cash and futures prices. An up-to-date chart shows the most important technical considerations. Trade recommendations round out the features of this section. Bund Trader Intraday technical analysis updated during market hours with key levels for bund yields, cash and futures along with trade recommendations and a current chart. JGB Trader A daily look at JGB technicals, updated from Europe, including commentary along with key levels for the coming session and an accompanying chart. Sample Rates Global Landing Page 7

9 IFR Markets Rates Content Guide IFR MAIN INDEX Indicates Key Feature INDEX PAGE Reuters IFRINDEX TGMxxx GLOBAL PAGES Global IFR Markets Headlines 2400 Global Rates Headlines 2405 Global Rates Squawk Box 2407 Global Rates Technical Headlines 8040 Swaps Headlines Swaps Squawk Box Global Economic Calendar 2417 Central Bank Summary 2304 Global Rates Vendor Index 2420 Global Economics Vendor Index Morning Meeting (96121) AMERICAS TREASURIES Reuters Index 8080 Headlines 8000 Squawk Box 8083 DAILY MARKET EVENTS Market Call/Wrap 8008 Daily Snapshot 8007 New Issue Monitor 8082 TRADING PAGES Eurodollar Trader Year Trader Year Trader Year Trader Year Trader 8027 TECHNICAL STUDIES Treasury Technical Squawk Box 8002 Trend Intensity 8033 Stocks Trend Intensity 8036 YIELD CURVE Yield Curve History US ECONOMICS & FEDERAL RESERVE Economic Analysis Economic Calendar Events Calendar Annual Calendar The Week Ahead in US Economics Fed Outlook Fed Activity AGENCIES Market Call/Wrap 8183 Agency Deal Pricing 6012 Commentary 8250 Redemption Schedule MORTGAGES Reuters Index MBS Headlines MBS Squawk Box CMBS Headlines CMBS Squawk Box Market Call/Wrap Prepay Outlook CMBS Weekly COLLATERAL MBS Weekly Outlook/Summary Research/Hot Topics DEALS & LEAGUE TABLES Pipeline Deal Pricing CMBS League Table RMBS League Table CANADA Reuters Index Headlines Squawk Box MARKET EVENTS Canada Deal Pipeline New Issues/Financing Canada Deal Pricing Daily Corporate Benchmark Levels TRADING PAGES BAX Trader CGB Trader CAPITAL MARKETS Canada Spread Product Canada Corporate Spreads ECONOMICS & BANK OF CANADA Economic Calendar Events Calendar Bank of Canada Outlook The Week Ahead in Canada EUROPE Reuters Index European Headlines European Squawk Box DAILY MARKET EVENTS Market Call Market Wrap New Issuance Outlook Auction Calendar Auction History TRADING PAGES Euribor Trader SCHATZ Trader BOBL Trader BUND Trader Short Sterling Trader Long Gilt Trader TECHNICAL STUDIES Europe Rates Technical Squawk Box Trend Intensity ECONOMICS & CENTRAL BANKS Economic Analysis Economic Calendar Events Calendar European Central Bank Outlook ECB Policy Record Bank of England Outlook Other European Central Banks EU-9 Central Bank Snapshot JAPAN Reuters Index 2230 Japan Headlines 2232 Japan Squawk Box 2234 DAILY MARKET EVENTS Market Call JGB Auction Report Asia-Pacific Economic Monitor New Issue Monitor TRADING PAGES JGB Trader 2242 Euroyen Trader 2244 TECHNICAL STUDIES Japan Rates Technical Squawk Box 2240 Japan Trend Intensity 2243 ECONOMICS & BANK OF JAPAN Economic Analysis 2388 Economic Calendar 2385 Annual Calendar Events Calendar 2387 Bank of Japan Outlook 2394 Asia-Pacific Economic Monitor AUSTRALIA & NEW ZEALAND ECONOMICS & CENTRAL BANKS Economic Analysis Economic Calendar Annual Calendar Events Calendar Reserve Bank of Australia Outlook Asia-Pacific Economic Monitor ASIA-PACIFIC ECONOMICS & CENTRAL BANKS Economic Analysis: China Hong Kong Indonesia India Korea Malaysia Philippines Singapore Thailand Taiwan Economic Calendar Annual Calendar Events Calendar Economic Snapshot Central Bank Snapshot Asia-Pacific Economic Monitor SWAP RATES Swap Rates Index USD Swap Rates CAD Swap Rates AUD Swap Rates NZD Swap Rates GBP Swap Rates ZAR Swap Rates EUR vs 6m Euribor EUR vs 6m Libor EUR vs 3m Euribor CHF Swap Rates JPY Swap Rates PLN Swap Rates CZK Swap Rates SEK Swap Rates DKK Swap Rates NOK Swap Rates SGD Swap Rates KRW Swap Rates HKD Swap Rates Swaps Database Tool (97605) USING THE PAGE GUIDES: HOW TO QUICKLY ACCESS IFR MARKETS CONTENT In Thomson Reuters Eikon Navigate to News & Research and select IFR Markets Enter a page number prefixed with TGM in the Eikon search box to launch a quote page, eg TGM 2400 or IFRINDEX In IFRMarkets.com Navigate to Guide for a complete list of IFR Markets content by region and asset class Enter a page number in the search box, eg 2400 Bold text indicates key feature. 8

10 IFR Markets Rates Newsletters NAME DESCRIPTION AUDIENCE Europe Rates Outlook Europe EGB Close Europe Rates Techs US Morning Meeting New York Outlook US Treasury Close An early morning brief recap of overnight price action in Asia with more in-depth commentary and analysis of the upcoming key European daily events, as well as EGB bond market bias for the day ahead. A daily summary and analysis of European market activity, news, events and price action and the likely impact on markets going forward. Technically based, longer term analysis of pertinent developments in a wide range of markets. A recap of movements in overseas markets and economic data, as well as a preview of upcoming Stateside data and events inclusive of a trading bias for US Treasuries. Signature US Rates piece that sets up the trading day for readers via distilling a myriad of topical global events into an actionable/tradable narrative. A daily summary and analysis of US Treasuries, news, events and price action and the likely impact on markets going forward. Fixed income sales and trading and those in tangential markets including fund managers and hedge funds. Fixed income sales and trading and those in tangential markets, including fund managers and hedge funds. Sales, trading and hedge funds. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. Key target audience is sales and trading, and clients interested in global markets and macroeconomics. MBS Open and Close Daily summaries analyses of US MBS markets Key target audience is sales and trading, and clients interested in global markets and macroeconomics. US Weekly Previews Employment Preview and US Week Ahead in Economics. Clients interested in the calendar of US economic indicator releases, Fed speakers and Treasury auctions. Canada Includes Canada Close, Canada Morning Meeting, and Week Ahead in Canada. CMM is an opening briefing on the day ahead; Close is a daily recap of the day s data, flows, capital mkts activity. Week Ahead is a preview of the coming week s data and events. Investors, sales and trading, capital markets syndicates and origination. 9

11 Forex IFR markets Forex Watch and Reuters FX Buzz together provide the most complete intraday intelligence and analysis on spot currency, FX options and the broader macro backdrop. FOREX HOME PAGE GIVES QUICK ACCESS TO KEY CONTENT: Concise, easy-to-read bullet points on key levels and market chatter Technical and macro charts to help you make decisions Team of 20 analysts and 4 editors who you can contact directly Coverage of all major FX pairs and the most traded EM pairs FEATURES INCLUDE: Squawk Box Eur/USD Trader Global Calendar USD/JPY Trader Position Summary Forex Open 10 Sample FX Global Landing Page

12 IFR Markets Forex Newsletters NAME DESCRIPTION AUDIENCE Europe FX Open US FX Open Asia FX Open Asia Weekend Notes Written by analysts in the Asia-Pacific region and delivered before the European markets open, the Open provides a detailed summary of market activity from the preceding trading session, including market moves, technical analysis, news and trends plus upcoming data. Written by analysts in London and delivered before the US markets open, the Open provides a detailed summary of market activity from the preceding trading session, including technical analysis, news and trends plus upcoming data. Written by analysts in the US and delivered before the European markets open, the Open provides a detailed summary of market activity from the preceding trading session, including market moves, news and trends, plus upcoming data. Weekend news round-up, preview of upcoming G10 economic data and central bank events, analysis of previous week in FX and technical analysis across FX, bond and equity markets. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. FX sellside trading and sales, analysts, economists; buyside macro analysts, portfolio managers and hedge fund managers. 11

13 Eikon New Issues Monitor Track real-time developments in the Global Bond Markets. Thomson Reuters Eikon s New Issues Monitor is powered by IFR content. Real-time reporting on deals in the market feeds into a powerful database, giving users access to essential new issues data as it s released plus related news content. Configurable views allow users to easily filter for the issuers, markets and deals that they re following. Sort by Date, Issuer, Term, Deal Status, Deal size, Currency, and more. Submit deal details and feedback. Click to view a detailed summary of the deal. Comprehensive bond description with quick access to Eikon functions including calculators, news, quotes, and more. ENTER FINIM IN SEARCH TO ACCESS THE NEW ISSUES MONITOR. 12

14 IFR magazine and more Thomson Reuters Eikon users can now access the full range of IFR editorial content, including IFR magazine and IFR briefings, through the IFR App Latest updates from IFR s capital markets and fixed income news flow. People & Markets news and commentary. Regular Special Reports and Roundtable supplements. ENTER IFRI IN SEARCH TO ACCESS THE IFR APP 13

15 To find out how IFR Markets can benefit your business visit Financial.thomsonreuters.com/Ifr Europe: +44 (0) Americas: +1(646) Asia Pacific and Japan: LONDON 30 South Colonnade Canary Wharf London E14 5EP Tel +44 (0) NEW YORK 3 Times Square New York, NY Tel +1 (646) BOSTON 22 Thomson Place Boston, MA HONG KONG 10/F Cityplaza 3 14 Taikoo Wan Road Taikoo Shing, Hong Kong Tel SINGAPORE 18 Science Park Drive Singapore Tel SYDNEY 60 Margaret Street Sydney NSW 2000 Tel Thomson Reuters Global Markets, Inc. is a Registered Investment Adviser. Thomson Reuters Global Markets disclosure statement is available on the at ifrmarkets.com/sec-filings Visit thomsonreuters.com For more information, contact your representative or visit us online Thomson Reuters. S B Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters.