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sd-10-EFTA01378321Dept. of Justice

EFTA Document EFTA01378321

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INTERNAL USE ONLY DO NOT DISTRIBUTE IN PART OR IN WHOLE Corporate Credit > U.S. Investment Grade Thomson Reuters Corp. (TRI) Updated: Nov. 1, 2015 Trade Idea: o Buy long dated Thomson Reuters bonds. Investment Rationale: o Following underperformance versus the IG Index in 2013 & early 2014, and pressure on TMT spreads over the past month, we still believe that TRI spreads look compelling. TRI long bonds used to trade flat to through the Index and are now 75-80 bp behind on an OAS basis

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Dept. of Justice
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sd-10-EFTA01378321
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