3 Comments

SGD Rates and Bonds Weekly

by

Economic News May CPI +1.6% YoY vs expected +1.7% May CPI +0.4% MoM vs expected +0.3% IRS Chaos with Singapore melting down along with the rest of the world in a unprecedented move… Continue reading →

3 Comments

Why Temasek, Why ?

by

There are some days where I wonder what would actually happen had I been smart enough to join the civil service ? I shudder. Probably running a mail room in a remote part… Continue reading →

Central Bank Mafia – Fed, ECB, BoJ Battle of the Balance Sheets

by

I believe we have a new pecking order for central banks. DON Bernanke. Hitman Abe. And Cheerleader Draghi. Now the racket has been exposed. It is the game of beggar thy neighbour and… Continue reading →

Who Cares If Singapore Govis Are AAA

by

MAS announced details of new benchmark 10Y auction. Issue size:  SGD1.8bn MAS intended Tender :  SGD 300mio ISIN Code : SG3260987684 Auction Date: 26 Jun 2013 Settlement Date: 1 July 2013 Maturity Date… Continue reading →

3 Comments

Ad Hoc Commentary – the end of the money printing era, capital will give America two good years

by

In simple English, Uncle Ben said no more printing and USD rates went higher and the US dollar strengthened. Uncle Ben had been kind to us. Now, yours truly is waiting on gold… Continue reading →

Ad Hoc Commentary – pensioners to bail-in Detroit?

by

First, Uncle Ben decided to skip the Fed’s annual Jackson Hole conference on Aug 22-24 – no more dropping-money-off-helicopters speeches. Then, it was the bail-in of Cyprus where depositors took a hit. The… Continue reading →

MAS Censuring Leading to Higher Rates – The Price To the Man On The Street

by

Singapore punishes 20 banks in benchmark rate review Source : Reuters “In censuring the 20 banks, MAS has demanded that 19 of them set aside extra reserves with it at zero interest for… Continue reading →

3 Comments

SGD interest rates – payback time

by

SGD rates market is finally paying it back. Last December, I wrote here about the risks which lurk behind Singapore living on cheap global funding. In the past few weeks, the ferocious sell-off… Continue reading →

Ad Hoc Commentary – London set to decline as a financial center due to regulatory competition

by

There are many reasons for New York fall from grace as the IPO center of the world. Academics might debate the reasons: The U.S. Left Behind: The Rise of IPO Activity Around the… Continue reading →

Ad Hoc Commentary – French president says eurozone crisis is over

by

Whenever politicians says something, you need to ask yourself, why do they say that. The French is declaring victory before the war is over. In all likelihood, the eurozone crisis will come back… Continue reading →