NEW ISSUE: GALLANT VENTUR SGD 2YR – New Gallant Venture SGD 2yr announced on the back of strong reverse inquiries – Initial Price Guidance: low 6s Credit Highlights: – Supportive sponsors – Salim… Continue reading
It is amusing to read that even analysts are saying that nobody is paying attention to data and Fed speak in the past week. That is because the market was just concentrating on… Continue reading
ISSUER: Oversea-Chinese Banking Corporation Limited (“OCBC”) ISSUER RATINGS (M/S/F): Aa1 / AA-/ AA- EXPECTED ISSUE RATINGS (M/S/F): [A2] / [BBB+] / [A+] SECURITY DESCRIPTION: Basel III compliant Tier 2 Subordinated Notes FORMAT: 144A/Reg… Continue reading
Albert Einstein’s ‘Does the Inertia of a Body Depend Upon Its Energy Content?’ paper published on Sep 27 1905 introduced the world to the equation E = mc2. Einstein ushered in the age… Continue reading
A friend of a friend’s wanted to set up a branch of their HFT (high frequency trading) firm in Singapore a year back. Afterall, Singapore is the king of Asian foreign exchange and… Continue reading
Here I am making myself more ill than I already am, on a Sunday with flu like symptoms, by re-reading my 20 year old copy of The Hot Zone by Richard Preston and… Continue reading
Stimulatory talks this week after a glorious month end lending more optimism and cheer to markets across. Fed – Yellen more dovish than market expectations http://money.cnn.com/2014/03/31/news/economy/janet-yellen-raise/index.html PBoC – mini stimulus unveiled for small… Continue reading
“…Now that the Buba had ‘given’ green light for European QE, the only thing that we need to wait for is a low European inflation print. The Eurostat will give a flash estimate… Continue reading
I have been laying off markets for the past few days. Friends in town, paid a visit to the hospital, more friends in town and catching up with other old friends. Today is… Continue reading
Ad Hoc Commentary – the European Franco-German core has virtually no Keynesian capacity
byGreece successfully returned to the global capital markets yesterday and sent some Eurozone government yields tumbling to record lows. Yours truly maintains our prediction at the beginning of the year: “…the European sovereign… Continue reading →