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
The market obsession is with capital gains for stocks, hoping to bag the next buyback hero of a company or a plump takeover target. Returns have been long forgotten and when we think… Continue reading
China is probably the only place making sense as yields rose on the week after a GDP number that was above expectations at 7.5%, beating the previous quarter’s growth rate of 7.4% yoy,… 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
We have thrown in a CNH section to the International Bond Weekly report. For a start, we have prepared a list of 2014 issued CNH bonds listed in HK and SGX and their… 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
Australian stocks at at 3 1/2 week low and AUD/USD at a 6 month high. Mind warp ? Poor jobs data out on Wed failed to deter the currency from stampeding past 0.94… Continue reading
To date, we have had more AUD kangaroo bond issues than the entire of 2013 – 127 issues compared to 118 for 2013. Singapore has had only 71 so far (last count… Continue reading
As we approach a new peak in the Citi AUD Pain index*, along with a nice top in the Economic Surprise Index**, markets are turning long in the AUD, led by the usual… Continue reading
