AUSTRALIA FOCUS : HAPPY SHOPPING
We are pretty close to the 6 year low of 0.7533 set on 3 April in the AUDUSD despite closing the week relatively unchanged and shorts are building up again as the RBA… Continue reading
BONDS IN CONVERSATION : SHARPE INVESTORS
It is official but I get confused. Euro-area bonds are delivering negative returns year to date. But weren’t they negative yielding anyway ? which is also a negative return ? Going through the… Continue reading
THE INCREDIBLE CRASH, BOOM, BANG MARKETS
These are the largest daily trading ranges for the EURUSD in the past 4 years. The move we had 2 days ago was pretty incredible for 1,000 trading days with European bond yields… Continue reading
SGD New Issue Review : Keong Hong Holdings 3Y Low 6%
KEONG HONG HOLDINGS 3-YR SGD PX GUIDANCE – LOW 6% AREA Issuer: Keong Hong Holdings Limited Status: Senior, unsecured Rating: Unrated Issue Size: TBD Distribution: As per Information… Continue reading
Primary Credit Recap
Here are some of the major deals that got priced overnight. Notwithstanding the big gap up in global bond yields, secondary performance has been decent apart from Woori AT1 which has unsurprisingly struggled… Continue reading
FX THOUGHTS : SGDMYR MAKES HISTORY, SO WHAT ?
No sense freaking out that SGDMYR has hit a historic lifetime high today, breaking 2.74 to clock a 2.7416 this morning and trading at 2.7311 as I type. Most people brush it… Continue reading
PRIMARY CREDIT WATCH : NEW ISSUES GALORE
LENOVO CNY BENCHMARK 5-YEAR REG S CNH ** NEW CNY REG S 5-YR ANNOUNCED ** SIGNIFICANT IOIs TAKEN DURING THE ROADSHOW ** INITIAL PRICE GUIDANCE: 5.375% AREA ** EXPECTED SIZE: CNH3 – 3.5BN… Continue reading
Our Addiction To Financial Porn
This post was written for www.hnworth.com, a site targeting high net worth individuals in Singapore. Have fun reading ! ******************************** The talk of the town as far as personal finances are concerned would still… Continue reading
SINGAPORE RATES WEEKLY : 2 JUNE 2015
US LIBOR 1M 0.184 3M 0.28375 6M 0.42465 We are seeing a significant drop in bank loans, down 1% from last month which is biggest drop we have had in years after ballooning… Continue reading
Commodity Crackles : Oil And Weather Elements
India is experiencing the world’s 5th deadliest heatwave with over 2 thousand dead and could well become the 4th deadliest if the death toll surpasses 2,541 which happened in India back in 1998.… Continue reading