Reits & Insolvencies & Why No More Delifrance For Me

by

My short chat with my old and wise-man friend prompted an impromptu phone call to Stock Boy today, on the subject of yields and Reits. For you see, I noticed that every other… Continue reading →

Bonds In Conversation : Blind Sided Rally

by

The rally goes on as high yields trade at investment grade levels and investment grades trade at almost no risk premium and Japan explores a “third arrow“. It appears to be all hanging… Continue reading →

China rumour mongering on a Friday

by

Illustration 1: If CNY trading band is widened .. be careful what you wish for as CNY weakened previously! Rumour #1: Heading into the G20 Finance Ministers meeting this weekend, the first rumour… Continue reading →

Father of Five : On Gold and Apple

by

After Gold tumbled the past 2 days, Apple has also come off to below 400.  Interestingly, if you look at the price action the past 6 months, gold and apple stocks have been… Continue reading →

Suicidal Markets and The Death of Innovation

by

I just heard that someone jumped off the Sail earlier today and that it could be a gold trader. It is a tragedy if it is true but not the first time for… Continue reading →

New Issue Review : Ezra Holdings 5Y SGD

by

***NEW ISSUE: EZRA SGD 5YR ISSUE*** Issuer: Ezra Holdings Limited Status: Direct, unconditional, unsubordinated and unsecured Notes Rating: Unrated 5 Years Use of proceeds: Mainly for refinancing the existing borrowings of the Issuer… Continue reading →

Pain & Surprise Indics – EURUSD

by

I have been wondering about EUR/USD and its amazing resilience in the face of all that’s happening in the past fortnight. Economic numbers turning sour and nothing quite resolved and we have the… Continue reading →

The EUR/AUD FX Cross & VXO warning bells are ringing

by

Illustration 1: EUR/AUD FX cross exhibit high correlation & R-square with VXO … predictive ability of unknown stresses ahead in financial markets when both head higher? There are a number of price movements… Continue reading →

Unicredit SGD Bond Alert : Withholding Tax ?

by

It is definitely not Singapore because with holding tax here is 10% and they have sort of postponed that (again) to 2018 for non residents. So I am hearing that the January issued… Continue reading →

SGD Rates and Bonds Weekly

by

Economic News 1Q13 GDP -1.4% QoQ versus expected +1.7% 1Q13 GDP -0.6% YoY versus expected 0% Feb Retail Sales ex auto +10% YoY versus expected +4% Feb Retail Sales -2.7% YoY versus expected… Continue reading →