Ad Hoc Commentary – calling the S&P500 bluff
Now that our favorite S&P500 had closed above 2000 for the first time ever, yours truly is calling it bluff. Yes, we had been saying all these while that long term it is… Continue reading
Category Archive: Market
Equity Tuesday : “Are We There Yet ?” Markets
If you are a parent, you would know the sound of that endless drone from that pesky 4 year old on a journey, “Are we there yet ?” repeated a thousand times. Initially… Continue reading
United We Stand, Divided We Fall – Central Banks Breaking Ranks, EURUSD Breaking Bad
I am not sure which planet some private bankers are from but I am seeing headlines that Yellen is dovish in the in-box whilst strategy pieces that are meant for distribution only to… Continue reading
International Focus : Australia and China
Continued rumblings in the China growth story as FDI falls 17% and borrowings continue to soar with Beijing becoming the 8th region to issue their own local government bonds for CNY 10.5 billion… Continue reading
Bonds In Conversation : The New Hawk Is A Meek Goose
The US market saw the lowest weekly high yield issuance volume since Aug 2011 even as demand resurfaces with a $ 680 mio inflow last week which followed a record breaking $ 7.1… Continue reading
SGD New Issue Review : Pacific Radiance 4Y 4.5%
NEW ISSUE: PACIFIC RADIANCE LTD. SGD 4YR ISSUE Issuer: Pacific Radiance Ltd. Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenure: 4 Years… Continue reading
Equity Thursday : Bad Vibes For Reits
The FTSE Straits Times Real Estate Investment Trust Index is up 7.2 % on the year and 179% higher than its low back in Mar 2009. 10Y Chart of SREITS and their dividends… Continue reading
SGD New Issue Review : Capitaland 10Y 4%
Dear Capitaland, whom we have not seen since 2012. CAPITALAND 10Y SGD NEW 10Y SGD ANNOUNCED INITIAL PRICE GUIDANCE: 4% AREA SIZE: SGD BENCHMARK AS EARLY AS TODAY’S BUSINESS A surely must have… Continue reading
Market Thoughts – How About Secular Complacency ?
The noisy minority continues to bleat … “secular stagnation”, “complacency”, crash, crash, crash is coming. “secular stagnation” was brought up by Larry Summers in December last year and I have been quite a… Continue reading
SGD New Issue Review : ASCENDAS INDIA TRUST 5YR 4%
ASCENDAS INDIA TRUST 5YR SGD NEW ASCENDAS INDIA TRUST SGD 5YR ANNOUNCED FOLLOWING PRICE GUIDANCE: 4% AREA COMPS Security AITSP 3.50% 2016 2.85% 101.35 AREIT 2.50% 2019 2.47% 100.125 AREIT 4.00% 2022 3.33% … Continue reading