New S.E.A. Games Records – The SGDMYR, SGDIDR, SGDPHP, SGDTHB

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The SGD/MYR has had an amazing run up this round to 2.6227 and we are near the historic high last seen in 1998 of 2.6935. SGD/IDR at a historic high today as is… Continue reading

Market View – Living On Borrowed Time And Thinning Brakes

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The trouble I went through to change my brake pads recently was perhaps worth the cost savings of the trip to the wholesale distributor and the additional trip to the workshop, lugging the… Continue reading

Welcoming The Horse With An OXley 5.1% Retap

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How did I know that Oxley will not give us a break so soon ? OXLEY REOPENING OF 5.10% 2016 NOTES – Reopening of Oxley 5.10% Fixed Rate Notes Due 5 December 2016… Continue reading

USDSGD, Budget and All

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Friends have been asking me where I think USDSGD is heading. Not satisfied with my “No Where” answer, I had to do the gun to my head simulation and being the recalcitrant that… Continue reading

Ad Hoc Commentary – the American ring failed during Sochi 2014

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The media is making brouhaha over the now infamous ‘failed’ ring at the 2014 Winter Olympics Opening Ceremony at Sochi. The Olympic symbol was designed by Pierre de Coubertin: “… [the five interlaced… Continue reading

TRAFIGURA SGD SUB PERP NC5Y & CAPITAMALL TRUST 7Y RETAIL BOND

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TRAFIGURA SGD SUB PERP-NC5Y Issuer: Trafigura Beheer B.V. Securities:  SGD Perpetual Resettable Step-Up Subordinated Securities Rating: Not rated Status:  Subordinated unsecured Maturity: Perpetual NC5 Size: SGD benchmark Initial price thoughts:     Mid 7% area… Continue reading

Necessary Manipulation

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The subject matter has been written to death. But I will have my say, adding a few of my stories that will never come to light but for here. The facts are questionable… Continue reading

Bonds In Conversation : Flogging A Dead Horse In The Year of The Horse

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We are back to where we were a week ago, almost and the Chinese lunar new year has come a full circle quickly. But despite the recovery we are seeing in the markets,… Continue reading

You Can Bring A Horse To The Water ….

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But You Cannot Make It Drink, so the saying goes. A series of poor calls made in the Fx in the past week, holding on defiantly and seeing the gains from my S&P… Continue reading

Crazy Horse – New Year FX Markets

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Crazy Horse to me is my favourite Sioux Indian hero, being very much fascinated by the Battle of the Little Big Horn as a child. http://en.wikipedia.org/wiki/Crazy_Horse As we welcome the Chinese year of… Continue reading