FX Volatility is Back ! What Are You Waiting For ?
We have been hearing about low vols and more low vols since June but there was nothing we could do about it. And now I am hearing that JP Morgan’s fund is up… Continue reading
We have been hearing about low vols and more low vols since June but there was nothing we could do about it. And now I am hearing that JP Morgan’s fund is up… Continue reading
Seasoned traders are all prone to biases. For some weeks now, I have been re-conditioning my brain that I should not look at Iron ore prices when trading the AUD, trying hard to… Continue reading
Wrong footed Australia would have to wait for another day for the AUD dollar to show any sign of weakening. Longs are building in the AUD position and the last time the market… Continue reading
Continued rumblings in the China growth story as FDI falls 17% and borrowings continue to soar with Beijing becoming the 8th region to issue their own local government bonds for CNY 10.5 billion… Continue reading
Top tiered Chinese banks will hit the domestic bond market for US 21 bio in Basel 3 compliant sub debt as loan growth slowed dramatically. Most analysts are unwilling to relinquish their risk… Continue reading
Like I said early last month, no one knew why the “USD is taking a beating and the big mystery of the year is that no one knows for certainty who is doing… Continue reading
Some heat taken off China and the USDCNY(H) this week, on account of the attention given to US and Europe, allowing a melange of new issues (mostly not listed) including the double digit… Continue reading
A wee correction we saw in the S&P last night and a small global pullback that most people will see as a buying opportunity today as we open the US earnings season with… Continue reading
Lower yields, stronger currency and not many new bonds to sell. Moody’s came out with some robust growth headlines for the country that is accompanied by warnings of a potential housing market correction.… Continue reading
Investors cannot get enough of AUD but Australian companies are rushing out to issue in Europe where it is cheaper. SGSP Australia to Sell EU500m 8Y Bonds, IPT MS +90bps Area (8Y 1.23%+0.90%… Continue reading