What Happened Last Night ? Who Is Telling Who What To Do ?

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JOKES. Draghi speaks on Monday night. Market Mood Monitor. Yellen spoke last night. Market Mood Monitor. The market was waiting for the reports/interpretations and the reporters/interpreters were waiting for the market to decide… Continue reading

SGD New Issue Review (rehashed) : Olam 5Y 4.5%

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I am re-writing this after receiving a few urgent SMS-es that some people may be grossly misled by my comment that Olam is an equal credit to Temasek. For avoidance of doubt, Olam… Continue reading

Big Picture View : Falling Political Support

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Singapore flag price deflating ? $2.60 at NTUC this year and I am convinced it was closer to 5 bucks last year. It does not imply anything of course except perhaps that costs… Continue reading

Of Underdogs, The Library And The Ironic World Cup

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How do you teach a child that no good comes from bad intentions or actions when we have the Game of Thrones ? I gave up and decided to think about the World… Continue reading

International Bonds Weekly : Kangaroos and Panda Bears

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Some heat taken off China and the USDCNY(H) this week, on account of the attention given to US and Europe, allowing a melange of new issues (mostly not listed) including the double digit… Continue reading

Bonds In Conversation : To Shake, Borrow and Roll

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Fresh off the heels of Bulgaria’s bank run last week, 2 European company scandals surfaced within this week that markets are taking in their stride. Let’s GOWEX, a listed company in Spain, admitted… Continue reading

SGD Issue Reopening : Perisai 6.875% 10/2016

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***PERISAI CAPITAL SGD REOPENING OF 6.875% 2016 NOTES*** Issuer:  Perisai Capital (L) Inc. Guarantor:  Perisai Petroleum Teknologi Bhd Status:  Fixed Rate, Senior, Unsecured issued off  SGD700 million Multicurrency MTN Programme Rating:   Unrated Format:… Continue reading

Equity Thursday : Activist Investors Are In Demand

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Headlines for the current equity market scandal involving Let’s Gowex, a Spanish Wifi provider that came after a short seller in New York highlighted discrepancies in their accounts in early July that finally… Continue reading

Do Not Challenge The Fed With 4% Fed Funds Expectations

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One by one the rates experts came out after last week’s astounding Non Farm Payrolls to revise their expectations of when the Fed is expected to hike rates after the taper ends in… Continue reading

USDSGD and The Coat Tail Effect of Indonesia

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9 days into the second half of 2014 and USDSGD makes its year to date low of 1.24 19 oops 1.2418  as I type and Jowoki becomes the new Indonesia President. Think nothing… Continue reading