Issuer: Marco Polo Marine Ltd. Status: Senior, unsecured Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 3 Years Issue Size: TBD Yield: 5.75% p.a Payment: Semi-annual, actual/365 (fixed) Issue… Continue reading
As we have said before, Yellen will be the new Fed Chief: https://tradehaven.net/market/ad-hoc-commentary-yellen-2014-clinton-2016/ http://www.bloomberg.com/news/2013-10-08/yellen-to-be-named-fed-chairman-as-obama-taps-first-female-chief.html The big issue on everyone’s mind is would the US government default. The short answer for external creditors is… Continue reading
It is simple. America has no money left in its treasury to pay its bills. It needs to borrow more by raising its debt ceiling. Debtors are the most important and you cannot… Continue reading
Economic News Sep Electronics Sector Index 50.3 vs expected 51.2 Sep PMI 50.5 vs expected 50.7 Foreign Reserves USD268.10 billion IRS Largest foreign reserves recorded in history yet again after breaking the record… Continue reading
Caught up in the shutdown stalemate, not many would spare a thought for the commodity market except for the greedy idea that Gold will rally on market indecision and panic. I did up… Continue reading
Banks are raking it in with the shutdown. Weeks ago, you will probably remember a whole bunch of trade recommendations out of your bankers urging renewed investment in EM, fx trades, high yield… Continue reading
Do not jump the gun. The S$5bn high yield deals mentioned in the Singapore – Destination Junk article are mostly in the USD arena even if they were originated in Singapore. Stuff like… Continue reading
No new developments in the ShutDown and the longer it drags, the more market limbo grows. Limbo is a good place. Markets are actively positioning for a swift rally once the shutdown ceases,… Continue reading
I was reading an article reporting on DBS’s outlook on Singapore property and their expectations for prices to fall and for volumes to contract written a fortnight ago when Zico called and told… Continue reading
He is selling again while the stove is still hot. Now taking his public utilities business public. http://online.wsj.com/article/SB10001424052702303492504579112650388231322.html?mod=wsj_share_tweet Make no mistake, he has been consistently moving out since last year as the minions… Continue reading