Category Archive: Market

Market Thoughts : Dedicated to Scotland

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Scotland, land of the world’s favourite whiskies and the birthplace of Adam Smith, the father of modern economics. Bernie and I were discussing Scotland back in March this year during the run up… Continue reading →

Random Thoughts – Human Trading Biases

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Seasoned traders are all prone to biases. For some weeks now, I have been re-conditioning my brain that I should not look at Iron ore prices when trading the AUD, trying hard to… Continue reading →

New CNH Bond Warning : Swiber 3Y CNH

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SWIBER HOLDINGS LIMITED OFFSHORE CNY 3-YEAR Issuer:  Swiber Holdings Limited Issuer / Issue Ratings: Unrated Status:  Fixed Rate, Senior Unsecured Notes Format: Reg S Bearer form off the S$1,000,000,000 Multicurrency                         Debt Issuance Programme… Continue reading →

International Focus : Australia and China

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Wrong footed Australia would have to wait for another day for the AUD dollar to show any sign of weakening. Longs are building in the AUD position and the last time the market… Continue reading →

Bonds In Conversation : A Classic Conundrum And Unnoticed Trends

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Mankind’s constant struggle with the environment transposed to markets and a conundrum – if the central banks keep saying things are so bad, then why are stock markets at record highs ? Table… Continue reading →

Mama Mia – ECB QE Druggie

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Mama Mia… there we go again. Fed then ECB then Fed then ECB then BoJ then ECB… And this is what the Big 3 central banks’ balance sheets look like now. Remember it… Continue reading →

Equity Thursday : Systemically Importance Institutions Are Good

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I really do not have too much to say about the state of equity markets right now floating in the whimsical highs of cloud number 9 which coincidentally is the month of September… Continue reading →

FX Thoughts : The Lonely USD And EM Dreams

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The USD dollar is in a lonely place this year as central bankers break ranks in their hierarchies and mostly losing heart. The typical job of a central banker is to manage 1.… Continue reading →

Bond Market Update : China Banks’ Capital Drive

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They have hit the street with Basel 3 compliant subs and the supply will continue with Basel 3 perps. Chinese banks are on a mission to boost their capital ratios. 3 weeks ago.… Continue reading →

SGD NEW ISSUE REVIEW : JURONG SHIPYARD 7Y AND 15Y

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JURONG SHIPYARD PTE LTD(GUAR BY SEMBCORP MARINE LTD) SGD 7 & 15 Y Issuer: Jurong Shipyard Pte Ltd Guarantor:  Sembcorp Marine Ltd Status:  Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format:  Reg… Continue reading →