Food For Thought : What Are SGS Yields Telling Us To Do ?
Yesterday’s headlines that 10 year SGS yields hit their highest levels since 2013 may not matter to most of us but it does ! Because we are close to the 5 year highs… Continue reading
Category Archive: Rates/Bonds
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SGD NEW ISSUE REVIEW : BPCE 10.5NC5.5 SGD TIER2
NEW BPCE 10.5NC5.5 SGD TIER 2 – New 10.5NC5.5 SGD T2 announced at the back strong reverse/IOI – Expected issue ratings: Baa3/BBB/A- (M/S/F) – Price guidance @ 4.50% area – Size: TBD –… Continue reading
Primary Credit Wrap
Adani Ports Roadshow For 144a/Reg S USD Bonds Starts Tomorrow Investor meetings in Asia, Europe, Middle-East, U.S. start tomorrow. Issuer: Adani Ports and Special Economic Zone Ltd. Expected ratings: Baa3/BBB-/BBB- Ecpected issue rating:… Continue reading
SINGAPORE RATES WEEKLY : FIERCE MARKETS
US Libor 1M 0.183 3M 0.2812 6M 0.4239 Singapore Economic Data 2 Jun May PMI 50.2 vs expected 49.3 2 Jun May Electronics Sector Index 49.8 vs expected 49.5 8 Jun May Foreign… Continue reading
Brekkie Bond Wrap
The Asian credit market started the week on a weak note as the broader markets struggled. There was some light net selling across the credit space, though it was concentrated in specific sectors.… Continue reading
China Focus : Never Underestimate A Market That Overestimates Itself
Our heart goes out to the 396 victims of the Yangtze ferry disaster as we pray for the missing persons on Mount Kinabalu. The latest victim of the debt default market is duck… Continue reading
AUSTRALIA FOCUS : HAPPY SHOPPING
We are pretty close to the 6 year low of 0.7533 set on 3 April in the AUDUSD despite closing the week relatively unchanged and shorts are building up again as the RBA… Continue reading
BONDS IN CONVERSATION : SHARPE INVESTORS
It is official but I get confused. Euro-area bonds are delivering negative returns year to date. But weren’t they negative yielding anyway ? which is also a negative return ? Going through the… Continue reading
THE INCREDIBLE CRASH, BOOM, BANG MARKETS
These are the largest daily trading ranges for the EURUSD in the past 4 years. The move we had 2 days ago was pretty incredible for 1,000 trading days with European bond yields… Continue reading
SGD New Issue Review : Keong Hong Holdings 3Y Low 6%
KEONG HONG HOLDINGS 3-YR SGD PX GUIDANCE – LOW 6% AREA Issuer: Keong Hong Holdings Limited Status: Senior, unsecured Rating: Unrated Issue Size: TBD Distribution: As per Information… Continue reading