Brekkie Bond Wrap
Investment Grade: The firm tone in Asian credit continued on Friday. We closed about 1-2 bps tighter in low beta names while BBB names were flattish, with property bonds weighed down ahead of… Continue reading
Ad Hoc Commentary – a few pictures of LKY's final procession
Some pictures yours truly took just hours ago. God Bless Mr Lee Kuan Yew and his family.
China Focus : Confucius Speaks For LKY
He who exercises government by means of his virtue may be compared to the north polar star, which keeps its place and all the stars turn towards it. China knows best !… Continue reading
Australia in Focus : Antipodean Finals
Australia just booked the final spot in the World Cup Cricket against none other than New Zealand, the alternative being South Africa, which makes it a perfect Antipodean finish or, would have been,… Continue reading
FX Lesson 4 : The Road To Riches In The Zero Sum Game
I have been meaning to write about this for a while now with thoughts fermenting in that dusty old brain for years as I procrastinate on grounds that it would serve little purpose… Continue reading
Bonds In Conversation : A New Chapter Begins
My apologies. This is Not Another Tribute to Our Dearly Departed Founding Father, Lee Kuan Yew, who has been called away from this world of ours and is resting in peace and therefore… Continue reading
Brekkie Bond Wrap
Daily Credit Wrap: Investment Grade: After a weak start, Asian credits saw good buying as US Treasury yields moved higher. We heard of strong demand for BBB credits like CITPAC and NOBLE. Petronas… Continue reading
New Stanchart USD CoCo Issue : Perp NC5 High 6%
Edz is out today so you will have to listen to my rant instead. Issuer: Standard Chartered PLC (the “Issuer”) Instrument: US$[●] Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities Tenor: Perpetual-NC5… Continue reading
SGD NEW ISSUE REVIEW : GALLANT VENTURE 3Y LOW 7%
Issuer: Gallant Venture Ltd. Status: Senior, unsecured, off USD500m EMTN Programme Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 3 Years Issue Size: TBD Initial Price Guidance: Low 7%… Continue reading