Sept. 11 (Bloomberg) — Shipping rates extended gains to the highest since 2011 as Chinese steel mills replenish iron ore stockpiles amid record output. The Baltic Dry Index, a benchmark for costs to… Continue reading
Largest Bond Deal Ever In History Verizon (Baa1/BBB+/A-) Sells $49b in 8-Part Offering, Largest Bond Deal Ever Verizon’s deal tops Apple’s 6-part, $17b offering. $4.25b 3Y fixed sold at+165bps $2.25 3Y FRN sold… Continue reading
Our valuation systems have just been thrown off the scale ! It’s off the radar because HDB just launched a 5 year this morning at 2.365%. Do you have any idea what this… Continue reading
We have always known that Russians are better at chess than the Americans, God Bless the late Bobby Fischer. They waited and watched Obama and then made him look like Chicken Little last… Continue reading
It is September the 11th today. Strategists have finally found the time and the courage to look into the future now that the EM crisis is stabilising. Global Growth “US liquidity tightening has… Continue reading
Economic News Aug Electronic Sector Index 51.3 vs expected 50.5 Aug Purchasing Managers Index 50.5 vs expected 51.9 Aug Foreign Reserves $261.87 bio vs previous $261.1 bio IRS Light week in rates for… Continue reading
People say Bill Gross is starting to talk strange, of Cracker Jacks and 7th innings, in his latest monthly. “Why invest in financial or real assets if bond prices could only go down,… Continue reading
** S$ TAP- EZRA HOLDINGS 5.00% 09/16 @ 100.00 area ** Issuer: Ezra Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Reopening Issue: Re-opening of S$200 million 5.00% Senior Unsecured Notes due… Continue reading
I have floods on my mind though I have not mustered the courage to step foot outside yet for the entire day. The 10Y US treasury note suffered a nasty tumble yesterday, led… Continue reading
Sept. 4 (Bloomberg) — According to person familiar with the matter. Borrower: Mencast Holdings Ltd. Format: Reg. S, S.274 & S.275 Singapore SFA Coupon: 5.75% semi-annual Issue price: 100% Maturity: 12 Sept. 2016… Continue reading