19 OCT 1987 – 19 OCT 2012 Top 10 Greatest Dow Daily Losses of All Time 1. 19 OCT 1987 -22.61% 2. 28 OCT 1929 -12.82% 3. 29 OCT 1929 -11.73% 4. 6… Continue reading →

In swarms and hordes they come to Singapore, all knowing that their money will appreciate 1.33% in the next 12 months (using latest SGD NEER reading).  That was MAS’s promise last Friday in… Continue reading →

10Y NC 5Y Indicative Coupon 5% Issue Size SGD 500 mio min. 100% owned by Dutch government. I find it odd that UBS would be bringing out a European Sub when they just… Continue reading →

Jaws of death is a term coined by trader Larry Williams that describes when a situation when equities are rising while bonds are weakening. Williams observed a phenomenon that happens when equities and… Continue reading →

Mr Market seldom disappoints. Despite the barrage of good numbers coming from official statisticians, our favorite Dow Jones Industrial gave up all the post-QE3 gains. The Dow closed just below the level it… Continue reading →

” MAS will therefore maintain the policy of a modest and gradual appreciation of the S$NEER policy band.  There will be no change to the slope and width of the policy band, as well… Continue reading →

I must admit it has been a bewildering week and I have been quite buffeted around in the noise and confusion that accompanies the insanity of a wild and trampling herd.  Needless to… Continue reading →

A friend once told me you are in trouble once you trade on HOPE. It is not Hope that is keeping me going for USD/JPY. Tomorrow the G7 Finance Ministers meet in Tokyo… Continue reading →

RBS Said to Suspend Trader Over Interest Rate Rigging People say that I should keep my mouth shut and that it is better not to talk about these things or we could implicate… Continue reading →

And we have a new 10Y SGD 400 mio Indian Oil Corporation deal, 8 times oversubscribed and coming out with a whopping tighter coupon of 4.1% which translates to 4 dollars on the bond… Continue reading →