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
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
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
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
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
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 because the cars behind will only speed up to make sure you cannot change lanes. Source : http://www.jessicajamesbooks.com/2010/07/successful-crabbing-expedition.html&usg=__6hNietYiFmO80nfVvc8bI9eeWvU=&h=240&w=265&sz=20&hl=en&start=30&zoom=1&tbnid=PFAfmiVlB1gA9M:&tbnh=101&tbnw=112&ei=NIOXT_WbCYTyrQfZ5YDJAQ&prev=/search%3Fq%3Dcrabs%2Bin%2Bbasket%26start%3D21%26um%3D1%26hl%3Den%26sa%3DN%26rls%3Dcom.microsoft:en-US%26tbm%3Disch&um=1&itbs=1 It is like crabs in a basket.… Continue reading
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
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
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