I write this for all my friends who have been subject to my barrage of chatter on the topic of the rapid deterioration of our financial states despite the ballooning of asset worth.… Continue reading
*Credit Suisse Asian Bond Corporate Spread over Swap (2002-2013) Even 5 years ago in 2007, any respectable investor other than specialised credit traders & fund managers, will not be caught putting money to… Continue reading
I was toying between calling this article Crime Watch instead of Review and then thought the better of it. Willing buyers and willing sellers so I won’t say much for fear of being… Continue reading
It is hard to fault this company with the exception of its operating environment and the global slowdown expected in the DES (Drug Eluting Stent) business as technology changes allow for better screening… Continue reading
I just returned from yet another gathering of Europeans and Chinese to talk about their joint future. It’s great to see (or not see) that the Americans are excluded from the event. Typically,… Continue reading
Singapore has been a ”safe haven” in the past but not anymore … where its currency SGD is a popular short against other Asian FX and the implied volatilities of S’pore’s various asset… Continue reading
New ac opening still at low levels … when will the mom & pops arise again? Shanghai Composite Index (SHCOMP) has risen 18% from December 2012 to current levels in January 2013. Expert… Continue reading
The year took off with the first SGD corporate issue 2 days back and market darling ICICI (Baa3/BBB-) garnering SGD 3 bio in orders for a SGD 225 mio 7Y deal. The bond… Continue reading
How can you have a gratifying week feeling a bit cheated ? Or rather, feel like you are cheating a little. Yes, I had a near perfect run with calling the EUR/USD, USD/JPY… Continue reading
Word out this morning of a new ICICI Bank (Baa3 stable /BBB- negative) SGD 7Y deal. Benchmark size ie. SGD 200-250 mio minimum. Coupon hinted at 4% (means you would be lucky with 3.75%).… Continue reading