What to Trust – The Golden Rule.

by

Source : wallstreetsectorselector.com It perplexes me what is happening now. Chaotic markets everywhere and even stronger correlations than ever on risk on and off trades. Gold has collapsed with the eur, usdjpy, oil… Continue reading

Trapesing Across Tibet

by

It has been a painful week. Travelling to the remote Tibetan plateau to cremate my own mother and bringing her ashes back with me on Mother’s Day. Perhaps it is unfilial of me… Continue reading

Poison Apple And the Spanish Fly

by

With this headline, you cannot fight the tide. Apple and Samsung Captured 99% Of Phone Industry’s Profits : 3 May 2012, Business Insider I bought the new IPad last weekend and told the… Continue reading

Singapore and Switzerland – Never The Twain Shall Meet ? (Monetary Policy)

by

Source : Lonely Planet Singapore has longed to be Switzerland. Back when LKY was the prime minister, Singapore was led by policies of neutrality and non alignment, following the Swiss model. When Goh… Continue reading

Before We Turn Negative Again… Not A SGD Rates Prophecy !

by

Since the Apr MPS, the SGD has trended up the NEER band, pricing in about 1.2% appreciation in the next 12M. The topside, we assume to be 2%. The rates have crashed along… Continue reading

Recalibrating the Valuations – EUR and JPY

by

There is nothing like a burst of spring rain to cleanse the day. We have been getting some of those lately and there is nothing I like more than the smell of early… Continue reading

You Don’t Signal When You Drive In Singapore – Random Thoughts

by

No Shame Ala Greek Style – SGD Corporate Bonds

by

SINGAPORE First we have NOLSP4.25 04/17  issuing under secondary spreads, then we have Bank of East Asia BMKEA4.25 2022nc5Y reopening at a hefty discount. I am glad I abstained from SGD corporate bonds… Continue reading

Cognitive Dissonance – EUR/USD EU-phoria

by

Fear Rules ! Counter Intuitive Trading. Spain 10Y yields gap above 6% !!! SELL EUR/USD ? Noooooooooooooooooooooo !!  BUY ! Spanish auction success ! BUY EURUSD ? Nooooooooooo !! SELL ! That was… Continue reading

NO ! NO ! NOT NOL !

by

Seems I have corporate bond vigilante blood in my veins.  This is an unsolicited post of my opinion so DON’T SUE ME ! NOL NEW ISSUE What a way to reward current bond… Continue reading