There is something facetious about issuing bonds when you really do not need the funding but when you are compelled by a fundamental need to have a yield curve and bonds that provide… Continue reading
Numbers do not look good but do not be deceived. The market is showing some healthy diversification in the past months. We seeing pathetic bond market issuance activity, not seen since 2008-2009 during… Continue reading
No Shutdown in bond space as bonds rallied along with the S&P aided by the end of the Taper. The Shutdown accomplished 2 major feats. 1. Ended the Taper nonsense 2. Ended the… Continue reading
Existing Homes Sales Import Prices Industrial Production CPI Wholesale Inventories Non Farm Payroll PPI Retail Sales Factory Orders Trade Balance Unemployment Rate Capacity Utilisation CPI Business Inventories Building Permits Housing Starts TIC Flows… Continue reading
As expected, they did not default externally and did an eleventh hour turnaround: “…The big issue on everyone’s mind is would the US government default. The short answer for external creditors is no.… Continue reading
The latest “de Americanize” war cry out of Xinhua echoes the grief of Chinese coffers. So long as America been the economic backbone of the world that all living things are born with… Continue reading
It is an irony that Nobel prize for economics had to go to Robert J. Schiller on a mad, mad day. http://uk.finance.yahoo.com/news/nobel-prize-robert-shiller-predicted-212310295.html Markets acting out the work that he has done on irrational… Continue reading
Singaporeans are a suspicious lot. Give them a high yield, under subscribed issue and they will run. If you give them a low yield, over subscribed issue, its ok even if the bond… Continue reading
Economic News 3Q13 GDP -1% QoQ vs expected -4% 3Q13 GDP +5.1% YoY vs expected +3.8% Aug Retail Sales Ex Auto +1.4% YoY vs expectec +2% Aug Retail Sales -7.8% YoY vs expected… Continue reading