MAS joins in the fray ! and the SNB, ECB and FED fireworks !! No Central Bank will be left behind. http://washpost.bloomberg.com/Story?docId=1376-NIV2006KLVRL01-2EOEJQDAO9HDI647QA393MRC4G Link to statement : http://www.mas.gov.sg/news-and-publications/speeches-and-monetary-policy-statements/2015/monetary-policy-statement-28jan15.aspx#.VMgpmo9-Bmg.facebook For the record, this is not… Continue reading
We had mentioned before that the world is playing Romance of Three Kingdoms: “…What we are seeing today is a typical script from the Romance of Three Kingdoms. The contemporary kingdoms are America,… Continue reading
A mouthful of a name but you do not have to remember it. This is a UOB standby letter of credit paper so just remember it is UOB !!! Details : Issuer :… Continue reading
A chat with my broker friends has given me this idea to write about oil and oil stocks. I have been busy trading the oil story too, riding the Sembcorp Marine proxy before… Continue reading
NEW ISSUE: GALLANT VENTURE – SGD 2.5 YR ISSUE Issuer: Gallant Venture Ltd. Status: Senior, unsecured, off USD500m EMTN Programme Rating: Unrated Format: Reg S, S274 & 275 of Singapore SFA Tenor: 2.5… Continue reading
WORLD ECONOMIC FORUM, 24 Jan 2015 JACK MA SAYS HE WAS REJECTED BY HARVARD 10 TIMES Who applies 10 times ??? Someone who Rejects Rejection ? A trader at heart ? Someone who… Continue reading
The biggest loser in the developed world after New Zealand, even the EUR cannot match the AUD’s losses for the week, and it closed at 0.7912 against the USD for the first time… Continue reading
** NEW ISSUE: MAPLETREE COMMERCIAL TRUST SGD 8-YR – INITIAL GUIDANCE 3.3% AREA ** ISSUER: Mapletree Commercial Trust Treasury Company Pte. Ltd. GUARANTOR: DBS Trustee Limited (in its capacity as trustee of Mapletree… Continue reading
It is the usual drill for another bazooka of a QE, this time out of the ECB. And the market got it so well figured that all the bonds are yielding nothing. And… Continue reading
A Last Word : The End of Higher SIBOR For Now
byAfter today’s surprise Monetary Policy Statement from the MAS. People, rejoice. My view is that it is the end of the road for higher SIBOR from now. MAS did the public a favour… Continue reading →