Category Archive: Market

Made in China Is Not Bad – USDCNY

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China is wasting no time searching for a missing planeload of Chinese nationals and widening their currency band all at once, right before the Crimean vote today. March 15 (Bloomberg) — China will… Continue reading →

Bonds In Conversation : Missing Something In The Bernama Triangle

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“There is no real precedent for a case like this. The plane vanished,” Malaysia’s Transport Minister BUT THERE IS …. THE BERMUDA TRIANGLE ! It is no big deal really, to make a… Continue reading →

Going Nuts, Cashew Nuts – Olam Bonds

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Temasek is going the way of cashew nuts, coffee and broken rice. March 14 (Bloomberg) — A Temasek Holdings Pte unit offered to buy Olam International Ltd. in a bid that values the… Continue reading →

Weakness Is Strength – EUR

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There is strength in weakness and the EUR is soaring against the USD even as and the DAX is crashing in a pretty double dome formation. Even as Soros proclaims 25 years of… Continue reading →

SGD New Issue Review : Ezra 2Y

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2 Ezions this year and now Ezra as they bag a new sub-sea projects in West Africa and Asia, including a deepwater pipeline installation project in the South China Sea, collectively worth US$125… Continue reading →

China & Japan Deficits, US Treasuries & Tears

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Ok. It looks like Japan is not working out and today’s numbers prove it, setting a new record for her worst current account deficit and lowest GDP number since Abe came into office.… Continue reading →

3 New Issue Reviews : Amtek Engineering, UOB USD 10.5NC5.5 Tier 2 and Sabana Reit

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NEW ISSUE: AMTEK ENGINEERING LTD SGD 5NC3 YR ISSUE ISSUER: Amtek Engineering Ltd SERIES: 001 STATUS: Direct, unconditional, unsubordinated and unsecured Notes RATING: Unrated FORMAT: Reg S, S274 & 275 of SFA, issuance… Continue reading →

Ad Hoc Commentary – Wake up America, the Cold War did not end in 1991

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“…the [Russian] Ministry of Defense said it would consider stopping international inspections of its nuclear weapons in response to threatened sanctions from the West…” http://www.washingtonpost.com/world/in-crimea-interim-government-says-it-has-no-plans-to-cede-to-russia/2014/03/08/df1261d0-a6c3-11e3-9cff-b1406de784f0_story.html At first sight, it seems like America and… Continue reading →

Money Cannot Buy Happiness, Just A Different Set Of Problems – USDSGD

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My friend, the Retired Trader, was giving me an analogy about a rich chap who is not happy (as opposed to unhappy) but mightily relieved at his own set of problems. Problems like… Continue reading →

Bonds In Conversation : Out Of Touch

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It is hard to begin even thinking about all the events of the week a heavy miasma of incredulous thoughts clouding my mind as to the seemingly unrelated developments that has served to… Continue reading →