Ad Hoc Commentary – banks as the whipping boy; Buba tacit approval to Europe QE

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“…Wall Street banks and their foreign rivals have paid out $100bn in US legal settlements since the financial crisis, according to Financial Times research, with more than half of the penalties extracted in… Continue reading

SGD New Issue Review : SIA 7Y 3.145% and 10Y 3.75%

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NEW ISSUE: SINGAPORE AIRLINES SGD 7YR & 10YR Issuer: Singapore Airlines Limited Status: Senior, Unsecured, Fixed Rate Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA, issued off the S$2bn Multicurrency… Continue reading

SGD New Issue Review : Vallianz 2Y 7.5% and a story on listing pigs

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Vallianz Holdings 2Year NEW ISSUE: VALLIANZ HOLDINGS LIMITED SGD 2YR ISSUE Issuer: Vallianz Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA… Continue reading

Ad Hoc Commentary – we shall choose Shame, and then have War…

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“…now that Putin had largely secured Crimea, he will likely only stage his next major move in the fall [months]….” https://tradehaven.net/market/ad-hoc-commentary-to-counter-russias-rise-america-should-re-pivot-to-nicaragua-and-singapore-should-accept-a-russian-military-base/ Yours truly still expect Putin to stage his next move in Oct… Continue reading

Singapore Interest Rate Curve – Looking Ahead

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Decided to share this with readers. The pre and post FOMC interest rates that is stripped from the SG interest rate swap curve that is derived from 6 month SOR. It is segmenting… Continue reading

Random Thoughts : Temasek, Olam and Watsons – When It is So Dumb, It Must Be Smart

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There is a lesson to be learnt here and it has nothing to do with March madness. Temasek has been dominating the headlines in the past 2 weeks and getting the attention of… Continue reading

My USDSGD Monetary Policy Statement Piece – Forward Guidance Please

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CONTINUED FROM Random Thoughts : Temasek, Olam and Watsons – When It is So Dumb, It Must Be Smart Recap.. My initial thought was that Temasek is getting out of SGD because Olam… Continue reading

Father of Five : On Milk powder, AUDNZD interest rate differentials, Time to buy AUDNZD?

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Just some thoughts post RBNZ hike last week. Chart below compares the movements in the spread of the Central Bank official rates between NZD and AUD and the movements in the AUDNZD rate.… Continue reading

Lunch With Legends, The Take On USDJPY And More

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It makes me feel important when I spend time in the company of market legends because their aura rubs a little off onto little old me and I feel taller sometimes, which had… Continue reading

Bonds In Conversation : Back To The Future – Hope & Optimism

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Not a good week is perhaps an understatement although the ripples have yet to reach too many of the man on the street yet. I do not think we are deaf, dumb or… Continue reading