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
In a normal world when economic data are poor and getting poorer, governments are running out of policy options if they are even effective with twin deficits, central banks are faced with unemployment… Continue reading
It’s May Day on a Wednesday and we know Wednesday’s child is full of woe. Mayday is an emergency procedure word used internationally as a distress signal in voice procedure radio communications. It… Continue reading
Economic News Mar Industrial Production +6.2% MoM vs expected +7.1% Mar Industrial Production -4.1% YoY vs expected -3% 1Q Unemployment Rate 1.9% unchanged IRS Deal pricings kept the market busy not trading, exacerbated… Continue reading
Issuer: Trikomsel Pte. Ltd. Guarantor: PT Trikomsel Oke Tbk Structure: Fixed Rate Senior Unsecured Notes Issuer/Guarantor/Issue rating: Unrated Tenor: 3 years tk Issue Size: TBD Initial Guidance: Mid to high 5% Change of… Continue reading
The former Lee Hwa. I confess I only took notice of them last week when they were cited as a comparable bond for the Courts SGD issue. Dragging out their balance sheet then,… Continue reading
April 29 (Bloomberg) — Benchmark 10-yr note yield falls to 1.357% as of 9:56am in Singapore. • It compares with close at 1.401% on April 26 and is poised for lowest close since… Continue reading
In a country where 3 out of 4 citizens are either naturalized or have parents who were, you have a nice cultural hodge podge going. The good thing about Australia is that the… Continue reading
The Japanese are slow and in fact, latest data points to Japanese net selling of offshore equities and bonds since this whole BoJ Abenomics took off. Why not ? Look at the sterling… Continue reading
I was reading this piece that made me feel sheepishly left out. Aptly titled on Twitter, WSJ : How much would you have made on peripheral bonds investing at the trough and selling… Continue reading