Primary Credit Watch
We will be starting a regular new bond issue watch for our readers to keep on top of what’s happening in the primary market. I think there will be interesting opportunities, particularly in… Continue reading
We will be starting a regular new bond issue watch for our readers to keep on top of what’s happening in the primary market. I think there will be interesting opportunities, particularly in… Continue reading
It was a very strong day in Asian HY led by Kaisa. Credit took the cue from the equity markets where Chinese property stocks listed on HKSE were up more then 10%! The… Continue reading
Some major developments in the Kai-saga emerged as founder Kwok Ying Shing has returned to helm the troubled Chinese developer three months after he resigned amid a corruption probe. The Kaisa complex jumped… Continue reading
Markets resumed some sense of normalcy after the Easter break with London back in, though HK was still on holiday. Sovereign cash bonds were active, particularly in Vietnam and Indon. Sentiment in this… Continue reading
Daily Credit Wrap: Investment Grade: IG Asian credit traded with a slightly softer tone against a weaker macro backdrop. However, we are hearing that flows are still very balanced in the IG space.… Continue reading
Investment Grade: Asian IG credits traded with a slightly firmer tone. Sovereign CDS was a touch tighter while Chinese/HK spreads also ended tighter. Chinese oil and tech names were 1-2bps tighter. The new… Continue reading
Investment Grade: The firm tone in Asian credit continued on Friday. We closed about 1-2 bps tighter in low beta names while BBB names were flattish, with property bonds weighed down ahead of… Continue reading
Daily Credit Wrap: Investment Grade: After a weak start, Asian credits saw good buying as US Treasury yields moved higher. We heard of strong demand for BBB credits like CITPAC and NOBLE. Petronas… Continue reading
Daily Credit Wrap: Investment Grade: It was an active session in the Asian credit markets with spreads consolidating across sectors. Underlying tone remains relatively firm though markets did give back some gains on… Continue reading
Daily Credit Wrap: Investment Grade: Flows were mixed across the Asian credit space with a firmish tone. The recent Petronas bonds continue to be actively traded with the 25s closing 158/156 (unchanged). Indian… Continue reading