JP Morgan’s exit from commodities trading will probably be remembered as the beginning of the true exit from proprietary trading by big banks. Cynics are probably right for alleging that, until recently, the… Continue reading
7 September Australia. 22 September Germany. RBA on 6 Aug where a 0.25% cut is expected. Based on the OIS 0.5% is expected in the next 12 months according to the Credit Suisse… Continue reading
My son made a cryptic comment which caught my attention. He said, “They live by You Tube.” I asked him what he meant. I notice the You Tube craze these day, he does… Continue reading
Facebook & Apple NYU Prof Damodaran who correctly called for a FB buy at $18 now says says sell at $38. He also said sell AAPL at $700. “Syncapse, the social media marketing… Continue reading
The Cyprus bail-in is confirmed at 47.5%: “…Deposits above the guaranteed limit of €100,000 will face a 47.5 per cent haircut…” http://www.ft.com/intl/cms/s/0/85eb3cea-f943-11e2-a6ef-00144feabdc0.html For those with deposits in banks, you might want to check… Continue reading
Only 4 losers this year. The rest are winners !! Definition of loser = if the bond had been issued today at the same credit spread where it was issued at, its coupon… Continue reading
Great July for credits. “Junk bonds globally have returned 2.33 percent in July, topping the 1.73 percent gain from investment-grade debt, according to Bloomberg index data.” “Corporate bond returns have slowed this year… Continue reading
1-Aug 25-Jul Asia Invt Grades 1.44-1.47% 1.40-1.43% Korea 5y 0.83-0.87% 0.85-0.89% China 5yr 1.13-1.18% 1.08-1.12% Philippines 5yr 1.15-1.21% 1.11-1.20% Thailand 5yr 1.13-1.20% 1.06-1.16% Indonesia 5yr 2.07-2.22% 2.04-2.14% Malaysia 5yr 1.20-1.28% 1.05-1.15% Vietnam 5yr… Continue reading
This shows how on the edge the market is. Did anyone see that big candle in Gold this morning ? No explanation offered yet except that a german bank bought a chunk. USDSGD… Continue reading
Grand Dreams in Property
byThe Trend “Rich Asian individuals are snapping up luxury residential properties and even office towers in the West. But Asia’s biggest investors, including sovereign wealth funds, insurance funds and pension funds, are only… Continue reading →