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May 25, 20222 min read
It's Never a Straight Line
From our perch, the prevailing bias has become rather pessimistic on risk assets. That observation is evident in a range of sentiment and po
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May 20, 20223 min read
The Thunder from Down Under
Over the past few weeks your humble student of the markets has been on the road Down Under. Clearly cross asset volatility has remained elev
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May 11, 20222 min read
Bond Market Insights Wed, May 11 2022
Inflation - Country Garden slips - China's Power Investment perp redemption withdrawn - IG trades heavy
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May 10, 20222 min read
Bond Market Insights Tues, May 10 2022
Wall of supply in the offing - UST's stabilizing - credit still dominated by sellers - Liquidity declining
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May 5, 20223 min read
More Nails in the Macro Conditions Coffin
From our perch, to describe the policy change by the FOMC today as a “dovish hike” is an oxymoron. To be fair, the Fed was clearly less hawk
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Apr 29, 20223 min read
The Crash in Trash
The crash in trash (profitless technology companies) has been brutal year to date and from the peak in February last year (-40% year to date
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Apr 26, 20222 min read
Highway to Sell (Heavy Metal Version)
Financial market volatility has continued over the past week, but has started to take on a new dimension. In contrast to the recent inflatio
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Apr 25, 20222 min read
The Week that Was - Mon, April 25 2002
IG Financials dominated China primary, finding strong demand - SBLC enhanced property bonds are back - Sri Lanka exploring selling assets
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Apr 22, 20222 min read
Too Much Doom in the Room
As we often note, a behavioural episode is typically characterised by; a rapid and violent movement in price; focus on a single story; and o
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Apr 20, 20223 min read
Value versus the Prevailing Bias
Three major fears in the market prevailing bias; 1) inflation; 2) higher interest rates; and 3) and an imminent earnings downgrade cycle are
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Apr 13, 20223 min read
The Slope of Hope
The recent market obsession – inflation – wasn’t quite as bad as feared, with the core reading falling well short of the consensus forecast
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Apr 12, 20222 min read
Bond Market Insights - Tues, Apr 12 2022
Asia weak again - Sri Lanka suspends bond payments - Primary markets find demand for IG
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