A Little On Covered Bonds
Covered Bonds sounds much better than the dreaded sounding Asset Backed Securities (ABS) that has been blamed for the financial crisis of 2008 even though they are nearly the same thing. A covered… Continue reading
Category Archive: Rates/Bonds
4 Comments
BONDS IN CONVERSATION : A MATTER OF TIME
Straining and stressful week all about the uncertainty in Greece, the FOMC and Chinese stock markets giving bond holders some temporary reprieve until the next trading week and new developments take root. There… Continue reading
SINGAPORE RATES WEEKLY : HANGING ON FOR THE FOMC
US Libor 1M 0.18475 3M 0.28605 6M 0.4484 Economic News and Releases : April Retail Sales +0.8% MoM, expected +1.2% April Retail Sales +5% YoY, expected +5.4% April Retail Sales Ex Auto YoY… Continue reading
SGD NEW ISSUE REVIEW : CW GROUP HOLDINGS LIMITED SGD 3YR LOW 7%
NEW ISSUE: CW GROUP HOLDINGS LIMITED SGD 3YR Issuer: CW Advanced Technologies Pte. Ltd. Guarantor: CW Group Holdings Limited Status: Senior, unsecured, off SGD 500 million Multicurrency Debt Issuance Programme Rating: Unrated Format:… Continue reading
Brekkie Bond Wrap
We had a weak start to the week as fears of a Greek default and exit from the euro zone weighed on broader markets. There was better selling across all sectors. In IG, we… Continue reading
SGD New Issue Alert : LMIRT Capital 5Y Low 4% (Updated)
Issuer: LMIRT Capital Guarantor: HSBC Institutional Trust Services (Singapore) Ltd (in its capacity as trustee of Lippo Malls Indonesia Retail Trust (LMIR Trust)) LMIR Trust rating: Baa3/–/– Unrated Reg S Use Of Proceeds… Continue reading
A Santayana Moment with Chinese Property Bonds – Flashback 2011
“Those who do not remember the past are condemned to repeat it” It is often instructive to take a step back into recent history and think about fixed income when panic is all… Continue reading
CHINA FOCUS : Too Big To Ignore
A new 7 year high in the Shanghai Composite for 5 weeks running since mid May despite a record US$9 bio outflow from EM stock funds this week driving the A-shares H-shares premium… Continue reading
Australia Focus : Cloudy With A Chance of More Clouds
A last minute rally saved the week to give us the benign ending that masked the trials and tribulations in between. The action revolved around the slew of positive economic data, central bank… Continue reading
BONDS IN CONVERSATION : A PAUSE AND THE NEXT STOP
After last week’s mayhem, investors are breathing a sigh of relief that we are ending this week on a nice pause to the selling with sovereign yields all off their highs and signs… Continue reading