IRAN: Fresh Iran Headlines, Trump Says "Not Sure" Deal Can be Made

@BarakRavid

Trump spoke on Wednesday by phone with Saudi Crown Prince Mohammed bin Salman, discussed the war against Iran with him, and updated him on the talks regarding the possibility of a ceasefire, according to two sources familiar with the details.

• Date $MM Issuer (Priced *, Launch #)
• 04/01 $600M *Shinhan Bank $300M 3Y SOFR+58, $300M 5Y +43
• 04/01 $500M #Public Storage Operating Co -10Y +80
• 04/01 $Benchmark GM Financial 3Y +120a, 3Y SOFR
• 04/01 $Benchmark Kexim 5Y +27

• Stocks climbed to the best levels since mid- to late-March early Wednesday amid ongoing efforts at de-escalating the war with Iran, Trump reiterating plans to leave the in the next 2-3 weeks.
• The White House looks to build an off-ramp for Trump, even as the president continues to threaten Iran to re-open the Straight of Hormuz. President Trump is expected to address the nation tonight at 2100ET.
• Information Technology sector shares led advances in the first half, shares of Western Digital outperforming at +11.7% while the following gained 9% to 10%: Micron Technology, Lumentum Holdings, Intel Corp, Sandisk Corp and Seagate Technology Holdings.
• Industrials next up, led by transportation and construction shares, the following gaining 3.5% to 5.5%: Comfort Systems, Vertiv Holdings, Boeing, United Airlines Holdings, General Electric, EMCOR Group and Caterpillar.
• A broad swath of oil and gas shares underperformed as crude prices declined (WTI drifting around $100/bbl), the following trading -3.5% to -4.5%: Exxon Mobil, Occidental Petroleum, Chevron, Phillips 66 and Marathon Petroleum Corp.