It is impossible these days to talk about financial markets without talking about politics and since it is impossible to talk about politics given the fluidity in the global balance that would… Continue reading
Back in June. “Why is safety under-appreciated even as US junk bond defaults rose to the highest level since Oct 2009 giving us a total of 9 defaults in May? Because it has… Continue reading
21st June is this year’s summer solstice, marking the turn of the seasons, as the heat is turned up for the Northern hemisphere. Markets around the world remain gripped in the Greek saga… Continue reading
The Asian credit market started the week on a weak note as the broader markets struggled. There was some light net selling across the credit space, though it was concentrated in specific sectors.… Continue reading
It was another active session across Asian Credit as we continue to consolidate, digesting the recent supply of new issues. In the IG space, China Oil and SOE names are seeing better demand despite the pullback… Continue reading
DISCLAIMER : https://tradehaven.net/terms-of-use/ It was a softer day in the Asian HY markets with bonds weaker by 1/4 – 1/2 points on some profit-taking after the strong performance in the past few sessions.… Continue reading
Some major developments in the Kai-saga emerged as founder Kwok Ying Shing has returned to helm the troubled Chinese developer three months after he resigned amid a corruption probe. The Kaisa complex jumped… Continue reading
Markets resumed some sense of normalcy after the Easter break with London back in, though HK was still on holiday. Sovereign cash bonds were active, particularly in Vietnam and Indon. Sentiment in this… Continue reading
Daily Credit Wrap: Investment Grade: IG Asian credit traded with a slightly softer tone against a weaker macro backdrop. However, we are hearing that flows are still very balanced in the IG space.… Continue reading
Investment Grade: Asian IG credits traded with a slightly firmer tone. Sovereign CDS was a touch tighter while Chinese/HK spreads also ended tighter. Chinese oil and tech names were 1-2bps tighter. The new… Continue reading