Category Archive: Rates/Bonds

Dunno Why Singapore Government Bonds are One of the Worst Performers in the World this Year

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While we are still on boycott crusade, Deliveroo lost another customer this week, when a friend complained about how her free 20 dollar voucher expired because she did not manage to activate it… Continue reading

2019 Singapore Corporate Bonds – Lessons from 2018

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We said 2018 was Not Time to be Bullish on Singapore Corporate Bonds earlier this year and we had the opportunity to speak to market people who gave us blank faces when we… Continue reading

Warning – Hedging is Hard Work

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Excuse us for being just a little paranoid but it has been a tough week that has continued from 2 weeks ago when we were vacillating between feeling gloom or doom after an… Continue reading

The Singapore Monetary Policy Statement and the Thankless Job of Central Banking – Thank You, MAS !

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photo courtesy of Ms Su Tan of HK, taken on a wine tour of Sicily.   October is looking to be a painful month with an estimated US$ 876 billion wiped off bond… Continue reading

Nobody is Going to Actually Notice if Sibor is Higher

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Happy versus Unhappy People World happiness levels are at a 10 year low, according to a Gallup survey, as US stock markets powered to a record high on this Autumn Equinox. Yes, we… Continue reading

A Tribute to the Traders of the Singapore Bond Market

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photo courtesy of Mr P.Tham   Who would have thought that chopping onions would be the perfect catalyst for the inspiration to write a post to applaud the Singapore bond market traders? Yes,… Continue reading

Not Really About The Singapore Spring Monetary Policy Statement

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April 2018 is probably the best month to have a non-G3(+China) central bank meeting because no one would be paying much attention to you in such times of market upheaval amidst geopolitical uncertainties.… Continue reading

Op-Ed : The Unpleasant and Troublesome Liquidity Problem in the Singapore Bond Market

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It is not even near month end or quarter-end, 5 weeks into the start of the dramatic widening Libor-OIS spread that not too many retail investors are overly concerned about, we got to… Continue reading

Ad Hoc Commentary – rate hikes irrelevant as monetary transmission is broken

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Yours truly apologize for not writing in recent times. Today is Fed Powell’s first meeting. Markets are very different today compared to the last Fed rate hike cycle of 2004-2006. Today, Fed Funds… Continue reading

Ad Hoc Commentary: Dodd-Frank rollbacks to fix monetary transmission via FX Swap

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Monetary policy transmission is broken today as measured by the FX swap implied rate of US dollar versus Interest on Excess Reserves rate. Those who are still looking at Libor versus Fed Funds… Continue reading

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