A Default is Never Perfect
I think it is time to remind ourselves that a default is not perfect and in these moments of lull complacency, we are setting ourselves up for the usual imperfect endings that we… Continue reading
Category Archive: Rates/Bonds
SINGAPORE RATES WEEKLY : BEING POLITICALLY CORRECT AND CAUTIOUSLY OPTIMISTIC
US LIBOR 1M 0.1866 3M 0.28175 6M 0.4464 ECONOMIC NEWS AND DATA MAY Industrial Production +2.4% MoM, expected +1.8% MAY Industrial Production -2.3% YoY, expected -2.6% May Bank Loans and Advances -0.1% YoY… Continue reading
Rest On Sabbath For Next Week’s Rumble
A great weekend in time for us to see more stars next week as folks rejoice on the SCOTUS ruling on same sex marriage. I have been speaking to various people and will… Continue reading
Rest On Sabbath For Next Week's Rumble
A great weekend in time for us to see more stars next week as folks rejoice on the SCOTUS ruling on same sex marriage. I have been speaking to various people and will… Continue reading
CHINA FOCUS : A 7 YEAR LOW IS STILL A 6 YEAR HIGH
Yes. We saw another week of losses in the Chinese stock markets for another “biggest loss in 7 years” headline. After last week’s 7 year high to be followed by the biggest 7… Continue reading
AUSTRALIA FOCUS : A NERVOUS CALM
“if there isn’t a 10 per cent fall or a technical correction in stocks between now and August, they will post the third-longest bull market since 1937.” http://www.afr.com/markets/equity-markets/value-investors-nervous-as-asx200-on-the-brink-20150626-ghuk41 BLOOMBERG : “The correlation between the nation’s benchmark… Continue reading
BONDS IN CONVERSATION : SEEING STARS
It seems that Greece has 4 more days but they keep saying that anyway as the ECB continues to pump emergency funds into the country and we know that missing their IMF repayment… Continue reading
NEW ISSUE ALERT : CHINA LIFE USD 60Y NC5 EXTENDABLE SUBORDINATED BOND
Issuer : China Life Insurance Company Limited Issuer Ratings : As3 (Moody’s) AA- (S&P) A+ (Fitch) Issue : Subordinated Capital Securities Expected Issue Rating : A3/A/A- Issue Size : USD Benchmark Tenor :… Continue reading
Primary Credit Watch
China SCE sells $350m 5NC3 10% bonds, IPT 10.5% area BOC Gets $4b Orders for USD 3Y Bond, $3.5b for 5Y, $2.8b for 10Y Lender sells $1b 3Y bonds at +115bps vs IPT… Continue reading
Following Up On Ezra Perps
Who says the SGD market is boring ? 1 June 2015 Ezra to Raise Up to $300m for Balance Sheet, More Flexibility (Bloomberg) — Co. reports proposed renounceable underwritten rights issue and issue… Continue reading