At the recent World Economic Forum “Central banks, said Harvard University economics professor Kenneth Rogoff, are surely the greatest source of uncertainty in the eyes of the financial markets..” http://www.spiegel.de/international/business/ecb-decision-to-weaken-euro-comes-with-pluses-and-minuses-a-1015322.html I think the… Continue reading
Another fun week of full blown comedy starting with the Greek elections where any party will do except for the incumbent like we have seen in all the other elections last year. Markets… Continue reading
INTERNATIONAL HEALTHWAY CORP 3Y SGD – New 3yr SGD announced post roadshow – Price Guidance at 6.00% area – Anchors well in place – Timing: As early as today’s business ** PB concession: … Continue reading
New 2.5Y and 5Y dual tranche transaction for Guocoland announced with an initial guidance of 4% area and 4.5% area respectively. – This is on the back a strong set of Q2 financial… Continue reading
Last year we asked: “Is history repeating itself again now with the Greeks giving France and Germany the Trojan horse of sovereign debt crisis?” https://tradehaven.net/market/ad-hoc-commentary-the-wooden-horse-year-greeks-gave-franco-german-a-wooden-trojan-horse/ It seems that Greece surpassed expectations. What… Continue reading
After today’s surprise Monetary Policy Statement from the MAS. People, rejoice. My view is that it is the end of the road for higher SIBOR from now. MAS did the public a favour… Continue reading
MAS joins in the fray ! and the SNB, ECB and FED fireworks !! No Central Bank will be left behind. http://washpost.bloomberg.com/Story?docId=1376-NIV2006KLVRL01-2EOEJQDAO9HDI647QA393MRC4G Link to statement : http://www.mas.gov.sg/news-and-publications/speeches-and-monetary-policy-statements/2015/monetary-policy-statement-28jan15.aspx#.VMgpmo9-Bmg.facebook For the record, this is not… Continue reading
We had mentioned before that the world is playing Romance of Three Kingdoms: “…What we are seeing today is a typical script from the Romance of Three Kingdoms. The contemporary kingdoms are America,… Continue reading
A mouthful of a name but you do not have to remember it. This is a UOB standby letter of credit paper so just remember it is UOB !!! Details : Issuer :… Continue reading
