Weight Of The World (Cup) On The FOMC
“Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.” – John Templeton We are between stage 3 and 4 ? My mind hazy from all the… Continue reading
Category Archive: Rates/Bonds
New Issues Review : Noble USD Perp and Koh Brothers SGD
NEW ISSUE: NOBLE US$ REGS PerpNC5 | IPG: 6.000% AREA NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE… Continue reading
Very Vague On SGD Perpetuals …. To Worry Or Not After Noble Perp?
An alarming development today which may have escaped some investors who are not concerned that Noble’s 8.5% USD perpetual has crashed in price terms. This is apparently due to an option used by… Continue reading
2012 – A Golden Year For SGD Bonds. What’s Next ?
2012 was a golden year for SGD corporate bonds, setting many records that have not been broken since. 1. Total corporate bonds issued SGD 31 bio. 2. The largest ever corporate issue –… Continue reading
International Bonds Weekly : The Kangaroo Report
Australian stocks at at 3 1/2 week low and AUD/USD at a 6 month high. Mind warp ? Poor jobs data out on Wed failed to deter the currency from stampeding past 0.94… Continue reading
Bonds In Conversation : Happy Animal Spirits on Friday the 13th
A 91th minute goal to give Brazil a 2 goal advantage win. Ahem. Just as we would expect from the markets and central banks, go for the popular consensus. Referee = central banker… Continue reading
Darlings To Defaults – BUMI RESOURCES
I remember this name well – Bumi Resources. They had 2 hot high yield issues back in 2009 and 2010 that rallied 10%. The BUMI 12% 11/2016 (callable 07/2014 at 106) and the… Continue reading
Oversea-Chinese Banking Corporation Limited Basel III USD Sub Notes
ISSUER: Oversea-Chinese Banking Corporation Limited (“OCBC”) ISSUER RATINGS (M/S/F): Aa1 / AA- / AA- EXPECTED ISSUE RATINGS (M/S/F): A2 / BBB+ / A+ SECURITY DESCRIPTION: Basel III compliant Tier 2 Subordinated Notes FORMAT: 144A/Reg… Continue reading
SIJORI -MYR Investment Strategy
I think some of those who were around during the CLOB debacle have bought a Iskandar property recently. CLOB is a thing of the past affecting just about 180,000 Singaporeans back in 1998,… Continue reading
Yes, It Will Crash. By How Much ?
The undercurrents have yet to hit retail space as institutional research reports emerge that are sounding faint alarm bells that buzz louder each day as summer approaches. Many of these research reports are… Continue reading