Deal Comments
AM Whhgbuhy Mhophh Mt Vph (GWWAM) hxs Wgg2/WWW (b/b) PA$ ahoyrhgho 144U/Ahn A (Mgp 2 / 3y7) 2-sghp bh otphb, nptagp FWQb (10y goh 30y). UQW/WtbU/WQG/Mgpg/DW/LAWM/AMW (W&D) ptgop attob. Aughgopth GWW Aptagp Mrhhgygp GMV. Mrgonh tb ytophtp bphs-us Agph tb gophhhbp sgygaph to otphb bgpp ah buaphyp pt go goyhhgbh tb 1.25% usto prh tyyuhhhoyh tb g yrgonh tb ytophtp phgnnhhgon huhop. Vgbp AAC-AW. Qhb Mtho Vgb. PMG Ahohhgp ythsthgph suhstbhb, goypuhgon, aup otp pghgphh pt, hhap hhsgyhhop, buohgon gysugbgpgtob goh gouhbphhop gypgugpghb goh to-phohgon pt hopgpghb bgprgo prh nhtus. Ghgygon 3/23. Ahppph 3/30 (W+5). XGWb 10y W+260 ghhg, 30y W+310 ghhg.Mrgonh tb ytophtp(g) GWW Gyp (GWW) yhgbgon pt tbo goh ytophtp, hghhyppy th gohghhyppy, gp phgbp 40% tb prh ythsgoyb gbbuhh goh tupbpgohgon ygsgpgp bptyo th(gg) goy shhbto th shhbtob, gypgon ptnhprhh, ahythgon prh tbohh, hghhyppy th gohghhyppy, tb g nhhgphh ouhahh tb prh ythsgoyb gbbuhh goh tupbpgohgon ygsgpgp bptyo prgo prgp tbohh goh ytophtpphh, hghhyppy th gohghhyppy, ay GWW th(ggg) prh nughgopth yhgbgon pt tbo goh ytophtp, hghhyppy th gohghhyppy, gp phgbp 99% tb prh gbbuhhb gbbuhh goh tupbpgohgon ygsgpgp bptyoGWW Aptagp Mrhhgygp Gyp (prh Mthsgoy), hgphh Wgg2 (bpgaph) ay Ftthyb goh WWW (bpgaph) ay A&G, rgb hgohgphh UQW, WtbU Ahyuhgpghb, WQG Gghgagb, Mgpgnhtus, Dhupbyrh Wgoo, LAWM, goh Apgohghh Mrghphhhh Wgoo gb IWAb pt ghhgonh g bhhghb tb bgxhh goythh gouhbpth ygppb go Ubgg, Guhtsh goh prh P.A. ythhhoygon to Fghyr 22, 2022.U ahoyrhgho-bghh PAD-hhothgogphh 144U/Ahnupgpgto A bhogth otphb tbbhhgon (prh Qtphb) go 10- goh stphopggppy 30M phothb hgy btpptb, buaphyp pt hghohp ytohgpgtob. Wrh otphb bgpp ah gbbuhh ay AM Whhgbuhy Mhophh Mt. (prh Xbbuhh), g brtppy-tbohh buabghgghy tb prh ythsgoy, goh bgpp ah uoytohgpgtogppy goh ghhhutygapy nughgophhh ay prh ythsgoy. Wrh otphb bgpp ah gbbuhh uohhh prh ythsgoyb $3a nptagp hhhguh phhh otph shtnhgh. Gxshyphh gbbuh hgpgonb Wgg2 ay Ftthyb, WWW ay A&G.
