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U.S. 6-week Treasury auction through July 7 — share of allotment at the accepted (stop-out) yield 86.48%, prior 54.61%.
2026-07-07
U.S. 6-week Treasury auction through July 7 — share of allotment at the accepted (stop-out) yield 86.48%, prior 54.61%.
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2026-07-08
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2026-07-07
UBS recommends buying the SK Hynix ADRs planned for a US listing and shorting the company’s Korean-listed shares, arguing the new ADR could trade at a premium. UBS says ADRs are more efficient and cheaper for hedge funds and some global portfolio managers who do not hold the Korean stock may instead buy the ADR. The bank views a day-one long-ADR/short-local-stock trade as an obvious, scalable strategy with limited risk and a low probability of an ADR discount.
UBS recommends buying the SK Hynix ADRs planned for a US listing and shorting the company’s Korean-listed shares, arguing the new ADR could trade at a premium. UBS says ADRs are more efficient and cheaper for hedge funds and some global portfolio managers who do not hold the Korean stock may instead buy the ADR. The bank views a day-one long-ADR/short-local-stock trade as an obvious, scalable strategy with limited risk and a low probability of an ADR discount.
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