India is nearing the first anniversary of the coming to power of the Modi-led BJP government. The SENSEX has delivered 18% return during this period (26% yoy) and the INR has withstood the whiplash of the… Continue reading
Guess who said that ? Alan Greenspan, of course. So can we blame ourselves if we never saw the Chinese stock markets “melt-up” ? After months of lamenting on our holdings and wondering… Continue reading
A big apology for the updates because I just discovered that the 1wk change number for iron ore has not been updating. The problem has been fixed. The Australian dollar is not… Continue reading
I am not sure how everyone’s week went, but if everyone is feeling like me, they will be mighty confused as we hit a speed bump in the markets and seeing some reversals… Continue reading
“If you look at Greece, it’s not a major part of the economy of the eurozone as a whole. Most participants of financial markets are telling us that markets have already priced in… Continue reading
My professor friend solved that confounded Primary 5 math logic problem in less than 2 minutes, to none of my amazement of course, because we would expect All Teachers and Principals and Ministers… Continue reading
Asia Recap: Malaysia sells $1b 10Y sukuk at +115bp, IPT +135bp area; $500m 30Y sukuk at +170bp, IPT +185bp area, total order books $9b Upcoming Deals: China Cinda to Sell $Bench 5Y, 10Y… Continue reading
Another relatively weak day in Asian credit with IG cash bond spreads 2-3 bps wider with the rally in UST and new supply pushing spreads wider. The tech space saw Tencent 5 wider… Continue reading
DISCLAIMER : https://tradehaven.net/terms-of-use/ A bit more on Indus Gas after its mention in our Primary Credit Watch this morning. INDUS GAS SGD 3YR – PX GUIDANCE AT LOW 8s Issuer: Indus Gas Limited… Continue reading
DISCLAIMER : https://tradehaven.net/terms-of-use/ Recap of yesterday’s deals: Central China Real Estate sells $300m long 5NC3 bonds at 8.75%, IPT 9.125% area, 1st HY bond in 1 mo. Formosa Plastics sells $1b 10Y bonds… Continue reading