Bonds In Conversation : Taking It Slow
No Shutdown in bond space as bonds rallied along with the S&P aided by the end of the Taper. The Shutdown accomplished 2 major feats. 1. Ended the Taper nonsense 2. Ended the… Continue reading
No Shutdown in bond space as bonds rallied along with the S&P aided by the end of the Taper. The Shutdown accomplished 2 major feats. 1. Ended the Taper nonsense 2. Ended the… Continue reading
Singaporeans are a suspicious lot. Give them a high yield, under subscribed issue and they will run. If you give them a low yield, over subscribed issue, its ok even if the bond… Continue reading
Economic News 3Q13 GDP -1% QoQ vs expected -4% 3Q13 GDP +5.1% YoY vs expected +3.8% Aug Retail Sales Ex Auto +1.4% YoY vs expectec +2% Aug Retail Sales -7.8% YoY vs expected… Continue reading
Tired of being buffeted around in the markets because of this debt ceiling deadlock, why not pretend it is over ? What’s next ? Shutdown to slowdown ? US economic data has… Continue reading
There is nothing like a crisis to get things done. Today India announces internationalisation of their currency, a move they had resisted for eons until the recent rout in their markets. As such,… Continue reading
Issuer: Marco Polo Marine Ltd. Status: Senior, unsecured Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 3 Years Issue Size: TBD Yield: 5.75% p.a Payment: Semi-annual, actual/365 (fixed) Issue… Continue reading
Economic News Sep Electronics Sector Index 50.3 vs expected 51.2 Sep PMI 50.5 vs expected 50.7 Foreign Reserves USD268.10 billion IRS Largest foreign reserves recorded in history yet again after breaking the record… Continue reading
Do not jump the gun. The S$5bn high yield deals mentioned in the Singapore – Destination Junk article are mostly in the USD arena even if they were originated in Singapore. Stuff like… Continue reading
Caveat emptor : Non Americans only The shut down has been good for the rest of the world. Equities and credit markets are holding more than steady. Bonds are outperforming, even high yields… Continue reading
Economic News Aug Industrial Production -1.4% MoM vs expected 0.4%. Aug Industrial Production 3.5% YoY vs expected 4.9% IRS Quiet into the month end and choking on the US govt partial… Continue reading