Category Archive: Rates/Bonds

Presenting The …. Brekkie Bond Wrap

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The first of our dailies which will be served with consistency (hopefully) if we find an appreciative audience. Serving up our first Brekkie Bond market Wrap, an overnight summary of market events and… Continue reading

Singapore Interest Rates : Are the Waters Safe ?

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A quick glance at global 10 year bond yields and we note that Singapore has bucked the trend in the past 3 months. With SG yields towering over the US, which has not… Continue reading

SGD NEW ISSUE: CWT Limited SGD 5YR 4.8%

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ISSUER:   CWT Limited RATINGS: Not Rated STATUS: Senior, Unsecured, Fixed Rate Notes ISSUE SIZE: TBD FORMAT/DOCS:  Reg S, S274 & 275 of SFA, issuance off Multicurrency Debt Issuance Programme INITIAL PRICE GUIDANCE:   4.8%… Continue reading

SGD NEW ISSUE REVIEW : PERENNIAL REAL ESTATE HOLDINGS LIMITED SGD 3YR (UPDATED)

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Issuer : Perennial Treasury Pte. Ltd. Guarantor:  Perennial Real Estate Holdings Limited Issuer Rating :  Unrated Status : Senior Unsecured Issue Size :  Benchmark Format :Bearer, Regulation S only and S274/275 of SFA,… Continue reading

China Focus : A First Time For Everything

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I am struck that this is the first time that markets are confronted with the actual prospect of China slowing and their surprise rate cut last weekend is also seen as result of… Continue reading

Australia Focus : More Than The Iron Man

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Iron Ore at 6 year lows but only the media is freaking out at under $ 60 a ton, lowest since daily record keeping began in 2009. http://www.smh.com.au/business/mining-and-resources/iron-ore-carnage-west-australian-mines-could-close-by-july-20150306-13x1ix.html It is all about China… Continue reading

Bonds In Conversation : Holi Holly Holy

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HAPPY HOLI, festival of colours and Spring after the smallest full moon of 2015 last night. For me ,it’s a reminder of Neil Diamond’s Holly Holy (youtube link), which was not my favourite… Continue reading

Bond Focus : Capricious Bond Markets Calls For An Ovine ETF Solution

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This post was written for http://www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading ! ******************************** Inflation is the taboo word in bond world given its automatic association with… Continue reading

SGD New Issue Review : Frasers Centrepoint Perpetual NC5

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FRASERS CENTREPOINT LIMITED SGD SUBORDINATED PERP NC5 Issuer:   FCL Treasury Pte. Ltd. Guarantor: Frasers Centrepoint Limited Issue: SGD Subordinated Perpetual Securities Ratings: Unrated Format: Regulation S only and S274/275 of SFA, SG; Issuance… Continue reading

Bonds In Conversation : Silence Of The Lambs

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No doubt it is the year of the Sheep and credits, taking a backseat from the historic highs of the stock markets, have been sheepishly outperforming. A quick glance at the indices shows… Continue reading