Category Archive: Market

GBP/SGD AUD/SGD AND SGD/MYR

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GBP/SGD (SPOT RATE 2.0079) – has been on a marathon since July and traded at a 1 year high of 2.0238 yesterday. – looks like it would gradually edge higher from here towards… Continue reading →

Party Till The Next Summer(s)

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Looks like it is not Obama’s September – backed off on Syria and now backed down by Summers. NSA must be working overtime to decide that Summer’s would not be good for popularity… Continue reading →

Monday Humour : SGD New Issue Oxley 2Y

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*** NEW ISSUE: OXLEY SGD 2 YR ISSUE *** Issuer:  Oxley Holdings Limited Status:  Direct, unconditional, unsubordinated and unsecured Notes Rating:  Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenure: 2… Continue reading →

Macro Views and Flows – The Taper is the least of our worries

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FOMC and Taper Standard Non Radical Views from the US Banks “Expectations going into this meeting are wide and varied – but consensus distills to a $10bn reduction in UST purchases with no… Continue reading →

After Lehman, A World That Cannot Fail – A New Crisis ?

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It’s the anniversary of Lehman again and we have the media littered with nicely written articles mostly lambasting the crisis and also the Hank Paulson film to be aired next week on Netflix,… Continue reading →

Bye Asset Managers, Hello Liability Managers !

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People have been asking me what to buy and what to invest in and is it time to look at bonds and sell stocks, all raring to invest those bucks. As I was… Continue reading →

For a Quick Buck On Friday The 13th : Vix Be Vexed

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We saw a drop in Gold over the past 2 days but it cannot be touched because it is the only product so far the authorities will never allege to manipulation by anyone.… Continue reading →

Shippers Strike Back But Their Bonds Still Adrift : Ezra 5% 09/2015

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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 →

Bonds In Conversation : Survival of The Fittest

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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 →

The Day After Sept 11 is Sept 12 – Double Happiness Is Short Lived

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  Party on !!! It is Double Happiness !! With the exception of 2002, 2005 and 2010, the day after the Sep 11 anniversary has always managed to continued the rally of the… Continue reading →