« Today, we have come a long way from that naïve and cheerful notion – one still occasionally found in theoretical textbooks on monetary pol

The week’s themes remained intact this morning with Asia Credit underperforming equities and the macro environment and CDS, sovereigns...

It was a weak start to the week for CHINA IG, spreads 10-15bps wider, as offshore accounts continued to sell. Tuesday is opening firmer...

Last week the ineptitude of the UK leadership hit global markets and by the time the strong CPI number was printed sellers had run out of...

Thursday was a weak session for Asia Financials, spreads 5-20bps wider with AT1 down 50c-1pt. Client feedback is that dealers are pulling...

The scale of the UK Gilt market rout that was close to wiping out pension funds can be demonstrated by UKT 1.25% 2051 sank to around at...

Asia HY moves were dominated by CIFI Holdings, the 13th larges builder by contracted sales. Its equity plunged 27% to trade below HK$1....

Selling of Asia IG on Monday pushed CDS up 10bps, while China, Japan and Korean bonds were held to a 4-6bp widening. There were balanced...

Pakistan was busy on Friday, after the PM spoke of needing debt relief in the UNGA. Bonds corrected sharply lower 6-12pts. Subsequently...

China property space had a mild correction into the weekend. AGILE fell a further 4-5pt and closed with a $30 handle. Real money and...

The dot plot was a bit more aggressive than expected at 200bp by end-2022 instead of 175bp with the terminal rate raised to 4.6% and a...

Current market trends continued yesterday. Fosun was off 3pts, with selling from real money and private banks. China property was mixed...