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
Tag Archive: HIGH YIELD BONDS
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
Brekkie Bond Wrap
Daily Credit Wrap: Investment Grade: Flows were mixed across the Asian credit space with a firmish tone. The recent Petronas bonds continue to be actively traded with the 25s closing 158/156 (unchanged). Indian… Continue reading
Daily Brekkie Bond Wrap
Daily Credit Wrap: Investment Grade: Asia IG had a weak session yesterday with oil and energy names underperforming as the bottom fell out of oil prices. We heard of selling in Sinochem bonds… Continue reading
Bonds In Conversation : Oily Deflation Means The Best Assets In Life Aren’t Free
Markets are reeling from the OPEC decision which was already known a week ago but nonetheless still a confrontation of OPEC versus BoJ and the ECB. DEFLATION vs INFLATION And a wonderful solution… Continue reading
Goodwill Hunting In Stocks and Bonds
Was it the supermoon that I did not manage to catch last night ? And Robin Williams has departed from our world. I read a comment on Twitter about a Catch 22 situation… Continue reading
Darlings To Defaults – BUMI RESOURCES
I remember this name well – Bumi Resources. They had 2 hot high yield issues back in 2009 and 2010 that rallied 10%. The BUMI 12% 11/2016 (callable 07/2014 at 106) and the… Continue reading
High Yield Corporate Bonds : Few And Far Between
Singaporeans are a suspicious lot. Give them a high yield, under subscribed issue and they will run. If you give them a low yield, over subscribed issue, its ok even if the bond… Continue reading