Ad Hoc Commentary – a strong stock market helps Trump as average Joe ‘feels left behind’

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The ferocity of the Brexit sell-off and the subsequent strength of the pullback seems to give credence to the belief among some market participants that “bad news is good news”: “…disappointing economic news… Continue reading

The Tradehaven Basic Bond Seminar

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The Basic Bond Seminar is not a Bond Basics Seminar, even if they are both BBS for short. The Tradehaven team has this idea for our first bond seminar of 2016, in time… Continue reading

The End Of An Empire And The Risky Banks

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It does look like the topic of Brexit is here to stay and England is the black swan that will join the ranks of the former great empires out of Spain, Rome, Greece,… Continue reading

Ad Hoc Commentary – Brexit is the beginning of the disintegration of the EU

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  “Since the United Kingdom is the biggest European NATO ally when it comes to forces, military capabilities, it really matters what the U.K. does” http://www.cbsnews.com/news/nato-chief-jens-stoltenberg-brexit-britain-should-stay/   Brexit is a divorce between the… Continue reading

Just Try Not To Lose Money To The Black Swan

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We seem to spend an inordinate amount of time these days discussing central banks and the British referendum. My first thought on UK’s referendum coming up next Thursday, also known as BREXIT, for… Continue reading

ASTREA BOND ISSUE DETAILS

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*** ASTREA III: PRICE GUIDANCE *** PRICE GUIDANCE Class A-1 Notes: 4.00-4.25% Class A-2 Notes: 4.75-5.00% Class B Notes:   6.50-6.75% Class C Notes:   9.50-9.75% ** SUMMARY TERMS: CLASS A-1 NOTES **… Continue reading

LIVING AND BANKING IN FEAR

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If you do not spend a lot of your time in the financial district, like me, and you pay a visit for a coffee with old friends, you may be struck by the… Continue reading

Are We Done With Demonising China ?

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My 2 cents worth on the US Non Farm Payrolls last Friday that has been nothing short of a tragedy as the press would have it, getting every single closet-Chicken Little out in… Continue reading

SGD Monthly Snapshot : Buy In May And Burp In June

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Economic Data In May 3 May    Apr PMI 49.8 vs 49.5 expected Apr Electronics Sector Index 49.5 vs 49.0 previous 5 May    Nikkei Singapore PMI 49.4 vs 52.0 previous 9 May    Apr Foreign… Continue reading

Retail Bond Renaissance – Everyone A Winner

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The hugely anticipated retail bonds are finally coming to Singapore’s market 3 years after a KPKB (hokkien slang) letter to the Straits Times forum requesting to bring retail bonds back into the market.… Continue reading