Nomura N.American head of rate.....>

US TSYS/RESEARCH: Nomura N.American head of rate research George Goncalves said

Nomura listed "10 Grey Swan events for 2018" and noted that "we would like to be

able to predict black swans, but by definition they are unpredictable. However,

its close cousin the grey swan can be foreseen. These are the unlikely but

impactful events that, in our opinion, lie outside the usual base case and risk

scenarios of the analyst community. So as we did last year we have put on our

creative hats and have come up with 10 potential grey swan events for 2018." 

- He added that "we have avoided the more widely discussed scenarios (such as

the Italian elections, US Impeachment risk, North Korea and so on) that you can

find in our event risk radar series. Instead we have selected topics that have

not been as widely discussed. Needless to say, none of them are our base case,

but we think it is better to be prepared than not."