Down Playing the SGD … For The Right Reasons : SGD Corporate Bonds and USDSGD

by

This year’s Financial Stability Review seems slightly more gloomy than last year’s. With headings like “When The Music Fades” and “When The Tide Goes Out”, are they sending out subtle hints ? I… Continue reading

AUSTRALIAN DEBT CEILING – STORM IN TEACUP

by

It is starting to play out ala Obama style. “PM Tony Abbott tries to pressure Opposition by threatening cancellation of Christmas break.” ~ Nine New Australia All because Australia wants to raise their… Continue reading

SGD RATES AND BONDS DECEMBER SPECIAL

by

IRS Slow but steady week with nice technical moves in the swaps. Thin liquidity allowed breaks upwards after failing to break lower into month end. The 5Y swap broke above its 50 day… Continue reading

The Risk Of Higher 10Y UST Yields….

by

The risk of higher yields is not a chart-able affair. The new market paradigm is emerging : The Fed is concerned only about short term rates and has commited to keep them low… Continue reading

Trading USDJPY Like Matt Damon Or A Housewife ?

by

You will feel particularly sore and vulnerable after spending 8 hours fixing another home internet issue. Sit in front of the pc, finally at 3 pm with half the day gone and seeing… Continue reading

Weekend Ironies For 1 December

by

Cannot help it. It has been an entertaining weekend in headlines. Chinese wife scratches car at motor show to force her husband to buy it. http://www.dailymail.co.uk/news/article-2515654/Hilarious-moment-Chinese-wife-scratches-luxury-car-motor-FORCE-husband-buy-getting-older-looks-young.html >> The funny part is HER REASON… Continue reading

Resorting to Zen and the Art of Motorcycle Maintenance For An Explanation of The Markets

by

Tidying up day and coming across some notes I cannot remember making 20 years back is like knowledge discovered for the first time. Lets say those were slightly radical and idealistic days and… Continue reading

Bonds In Conversation : Missing the Forest For the Trees

by

How did we miss the forest for the trees ? The best performing asset in the world this week would be Bitcoins which are up 50%. The talk is that China has just… Continue reading

Comet on Thanksgiving and Month End Records For FX

by

For the past fortnight, I have been waking at 430 am to try and catch a glimpse of Comet Ison on the eastern horizon and I managed to learn a thing or two… Continue reading

SGD New Issue : MICLYN EXPRESS 3Y >8%

by

Nov. 28 (Bloomberg) — Person familiar with the matter says. • Issuer: Manta 2 Holdings Limited to be amalgamated with Miclyn Express Offshore (MEO) • Guarantors: Unconditional and irrevocable guarantee from each material… Continue reading