Great July for credits. “Junk bonds globally have returned 2.33 percent in July, topping the 1.73 percent gain from investment-grade debt, according to Bloomberg index data.” “Corporate bond returns have slowed this year… Continue reading
1-Aug 25-Jul Asia Invt Grades 1.44-1.47% 1.40-1.43% Korea 5y 0.83-0.87% 0.85-0.89% China 5yr 1.13-1.18% 1.08-1.12% Philippines 5yr 1.15-1.21% 1.11-1.20% Thailand 5yr 1.13-1.20% 1.06-1.16% Indonesia 5yr 2.07-2.22% 2.04-2.14% Malaysia 5yr 1.20-1.28% 1.05-1.15% Vietnam 5yr… Continue reading
This shows how on the edge the market is. Did anyone see that big candle in Gold this morning ? No explanation offered yet except that a german bank bought a chunk. USDSGD… Continue reading
My hair is standing. Another Gravestone ? Not to be alarmed. AsianMacro says monthly candles are just like checking the weather and no big deal. Besides the last one managed to convert itself… Continue reading
HIA (Homeland Investment Act) is back in Obama’s 2nd of 7 speeches last night. It looks like the 2 trillion held offshore by US companies will be taxed whether it goes home or… Continue reading
Just read that JPM recommend a cut loss on their Long SHCOMP trade. “Our note (Shanghai, Trading Buy) from 24th July flagged 1980 as an important level to defend and also a stop… Continue reading
Economic News Jun Industrial Production -3.1% MoM vs expected -0.5% Jun Industrial Production -5.9% YoY vs expected -3.5% IRS SGD NEER finding its comfort zone led to a quiet week after the weaker… Continue reading
Taken from our post last week What is Happening In Global Flows. Bearish MYR medium term – Deutsche Bank “USD/MYR has significantly lagged the pullback in the rest of USD/Asia, with spot… Continue reading
***SWIBER SGD 5YR ISLAMIC TRUST CERTIFICATES ISSUE*** Issuer: Swiber Capital Pte. Ltd. Obligor: Swiber Holdings Limited (“Swiber”) Wakeel: Swiber Holdings Limited (in its capacity as agent (wakeel) of the Issuer Status: Direct, unconditional,… Continue reading
CHICAGO NEXT “According to the Chicago Sun Times citing year-end audits, Obama’s former right hand man, Rahm Emanuel, closed the books on 2012 with $33.4 million in unallocated cash on hand — down… Continue reading