SGD Rates And Bonds Weekly

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Economic News Aug Electronic Sector Index 51.3 vs expected 50.5 Aug Purchasing Managers Index 50.5 vs expected 51.9 Aug Foreign Reserves $261.87 bio vs previous $261.1 bio IRS Light week in rates for… Continue reading

For A Quick Buck : Running For The Safety Of Treasuries

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People say Bill Gross is starting to talk strange, of Cracker Jacks and 7th innings, in his latest monthly. “Why invest in financial or real assets if bond prices could only go down,… Continue reading

SGD New Issues : HPL 10Y NC 5 & Ezra 09/2015 Reopening

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** S$ TAP- EZRA HOLDINGS 5.00% 09/16 @ 100.00 area ** Issuer: Ezra Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Reopening Issue:   Re-opening of S$200 million 5.00% Senior Unsecured Notes due… Continue reading

Macro Outlook : Taper Taser In The Most Important Next 10 Days

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All the good work of the PMIs were wiped out by the Non Farm Payroll which fell short enough to unconvince about half the world that the Taper is imminent. “Fed watchers Jon… Continue reading

How Do You Solve The Problem of Valuation ? How Do You Catch A Cloud And Pin It Down ?

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There has been some debate on stock valuations with banks naturally bullish (for the companies are their clients) and independent observers locking horns most recently on the CAPE methodology. CAPE stands for Cyclically… Continue reading

Calling Bluff On Real Estate

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“Around 90 percent of the 130,000 foreigners that own properties in Johor are Singaporeans, according to a June 3 report in the Straits Times newspaper.” THAT IS 117,000 SINGAPOREANS ! And some probably… Continue reading

Of Apple and The S&P 500

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FORBES Rumour : APPLE to Land Japan’s and China’s Biggest Carriers For New iPhone “Two large gaps in Apple‘s iPhone carrier relationships have long been the largest mobile providers in Japan and China,… Continue reading

Bonds In Conversation : When It Rains, It Floods

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I have floods on my mind though I have not mustered the courage to step foot outside yet for the entire day. The 10Y US treasury note suffered a nasty tumble yesterday, led… Continue reading

Singapore Update

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By Sharon Chen Sept. 4 (Bloomberg) — GDP growth forecast at 4% Y/y this quarter, according to median of 19 economists and analysts in Monetary Authority of Singapore’s Sept. quarterly survey. • Economists… Continue reading

Bye Hungry Ghosts, Hello Central Banks

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I have been told that yesterday was the last day of the Hungry Ghost month. And what a hungry ghosty month it has been. Currencies have decoupled from the rest of the markets… Continue reading