What is Happening In Global Flows

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US Treasuries and USD “Custody holdings are falling at the Fed and, while the impact is not so clear for the USD, it’s negative treasuries….the securities held in custody for foreign official and… Continue reading

Consequences That Make Your Blood Boil

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I was having a conversation with my son about Lance Armstrong who was quoted as saying that no one can win the Tour De France without doping. Then it struck me, now that… Continue reading

Creating Value And Closing The Gap

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Wealth creation is an amazing thing which I have been thinking about recently, after being courted to join the Nuskin network. It is entirely possible to create value in anything and everything and… Continue reading

Macro Views & Flows : Still Uncertain, No Clear Trend

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Interest rates From the people who spend their entire day just looking at 1 product. “Keep an eye on the bid/covers of US auctions for a guide to where yields are heading.  Recently… Continue reading

Dear SGX, why is it so hard for people to get bond offering circulars ?

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Some readers mentioned that each new bond issue puts them under duress, with only hours to spare before they decide and the books close. Making a long term decision should not be so… Continue reading

New SGD Issue : GOODPACK LIMITED SGD 5Y 4.25%

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– NEW SGD 5-YEAR ANNOUNCED ON THE BACK OF STRONG INSTITUTIONAL REVERSE INTEREST – INITIAL PRICE GUIDANCE : 4.250% AREA – ISSUE SIZE: TBD – PB REBATE: x – TIMING: AS EARLY AS… Continue reading

Street Chatter – Thailand

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In the past 2 hours, we saw some majorly big moves yet the only data that came out was the German IFO and UK GDP. The IFO beat at 110.1 for Jul vs… Continue reading

Bonds In Conversation : Bonds & Capital Preservation

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25 Jul Cost of Buying Credit Protection Asia Invt Grades  1.40-1.43% (+8) Korea 5yr               0.85-0.89%  (+5) China 5yr               1.08-1.12% (+8) Philippines  5yr    1.11-1.20% (+9) Thailand  5yr        1.06-1.16% (+12) Indonesia 5yr       2.04-2.14% (+10) Malaysia… Continue reading

New SGD Issue Warning : Hankore Environment Tech Group Ltd (amended)

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July 25 (Bloomberg) — Person familiar with the matter says. Issuer: HanKore Environment Tech Group Ltd. Tenor: 2-yr Initial Price Guidance: 7.5% area Timing: Expected this week’s business, as early as today Sale… Continue reading

Newsworthy Snips (Including bit on Tata Steel)

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Credit Default in Mongolia “According to Bloomberg news, Mongolia’s 5th largest bank – Savings Bank (SB) – was declared insolvent by the bank regulator, and the bank will be taken over by government-owned… Continue reading