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Nov 29, 20211 min read
Asia Bond Blurb - Mon 29 Nov 2021
Markets slumped in Asia and Europe on Friday and thin volumes exaggerated market moves in New York, much of the activity appearing to be dri
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Nov 26, 20212 min read
Asia Bond Blurb - Fri, 26 Nov 2021
Thanksgiving gave no respite to China HY property bonds, fast money was busy shorting the likes of Shimao Group. Real money provided support
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Nov 25, 20212 min read
Asia Bond Blurb - Thu, 25 Nov 2021
The slump in lower quality China high yield property bonds continued yesterday, prices down as much as 4pts. Better quality names such as Gr
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Nov 24, 20213 min read
Loose as a Goose
In Australia, a “goose” is a light hearted term to describe someone who is a bit foolish. A more derogatory term might be a “flaming galah.”
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Nov 24, 20212 min read
Asia Bond Blurb
China HY fell yesterday after the embattled China Aoyuan "surprisingly" hired financial advisor Admiralty Harbour Capital to assess their ca
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Nov 23, 20211 min read
Asia Bond Blurb
China HY held onto the early 1-2pt gains yesterday. Gainers included Zhenro Properties which repurchased some of its bonds in the ....
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Nov 22, 20213 min read
The Bullish Case for Japan
The path to investment hell is paved with naive overlay charts. That being said, there is a legitimate relationship between the performance
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Nov 22, 20211 min read
Asian Bond Blurb
Safe haven global rates rallied on Friday as Covid worsens in Europe. The entire German yield curve fell back into negative territory. 30yr
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Nov 17, 20213 min read
The Smiling Assassin (The Dollar Smile)
One of the complexities of the foreign exchange market is that the US dollar – as the global reserve currency – can rally in phases of risk
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Nov 17, 20213 min read
Asia Bond Blurb
Tuesday reversed some of the 4-day gains for China HY, down 3pts on average, on profit taking from real money and tradin
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Nov 16, 20213 min read
Reflexivity & Consumer Sentiment
One of the more reflexive relationships in markets is the one between asset prices and consumer sentiment. During euphoric phases in the sto
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Nov 12, 20213 min read
Last Call For Alcohol
In July 2007, Chuck Price the former CEO of Citi infamously proclaimed, “as long as the music is playing, you’ve got to get up and dance,” h
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