Category Archive: Rates/Bonds

MAS Censuring Leading to Higher Rates – The Price To the Man On The Street

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Singapore punishes 20 banks in benchmark rate review Source : Reuters “In censuring the 20 banks, MAS has demanded that 19 of them set aside extra reserves with it at zero interest for… Continue reading

SGD interest rates – payback time

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SGD rates market is finally paying it back. Last December, I wrote here about the risks which lurk behind Singapore living on cheap global funding. In the past few weeks, the ferocious sell-off… Continue reading

Presenting Singapore’s Potentially Over Leveraged Corp Bonds

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I did some elementary analysis. Dragged out the companies that are highly geared. For that I used companies whose Total Assets are more than 4 times Total Equity. And included their debt servicing… Continue reading

Cat bonds – is Mother Nature a better bet than Bernanke or Abe?

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Amid the uncertainty about when the Fed will start to taper and whether the BOJ will further widen its tap, surely some of you must have been approached by your bankers to look… Continue reading

New Issue Review : Guocoland SGD Senior Perpetual NC 3Y

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*** GUOCOLAND SENIOR PERP-NC-3: UPDATE #1 *** * NEW SENIOR PERP-NC-3 ANNOUNCED, ANCHORED BY SUBSTANTIAL INTEREST * PX GUIDANCE AT LOW 5% AREA * STRUCTURE: SENIOR PERP-NC-3, RESET IN YEAR 3 & EVERY… Continue reading

Muddy Water’s Fascination For Stanchart Bonds

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My first thought on Muddy Waters‘ new fascination, Stanchart, was why the bonds and not the stock ? Second slightly more libertine thought was, Muddy Waters locking horns with Temasek again ? Within… Continue reading

New Issue Review : Not The Real Tata Motors 5Y 4.5% SGD

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Issuer:      TML Holdings Pte. Ltd., a wholly owned subsidiary of Tata Motors Limited and with 100% ownership in Jaguar Land Rover Automotive Plc. ** TML HOLDINGS – SGD 5YR** UPDATE 1 ** New… Continue reading

SGD Rates and Bonds Weekly

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Economic News Apr PMI 50.3 vs expected 50.3 previous 50.6 Apr Electronics Sector Index 51.2 vs expected 51.3 previous 51.9 IRS Market still in the doldrums as trading interest remains anemic. USDSGD broke… Continue reading

Bond Market Phenomena – Slovenia, Guoco, Wow !

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Market phenomena everyday ! Apple issues 17 bio, reportedly the largest bond issuance in history, on the day S&P breaks historic high. CNOOC raises the biggest issue in Asia since 2003 for USD… Continue reading

Bonds In Conversation – Reconciling With Financial Repression

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As my friend, Asianmacro put it, we are thriving on bad news and praying for external stimulus. Bill Gross, “There Will Be Haircuts” May 2013 “The easiest answer to the question of what… Continue reading