Bank Credit Weekly: Duration Admiration
We moved from melt-up to full risk-on duration admiration. Almost all bank bonds tightened globally. Given the rate of change, there are mispriced...
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Pairs Trading Ideas - Asian Financials
We look at liquid and large cap pairs from the financials sector that exhibit mean-reversion and are currently trading at or near an extreme based...
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Brookfields India Real Estate Trust IPO Trading - Mixed Bag
Brookfield India Real Estate Trust (BIREIT IN) raised around US$520m in its India IPO. In this note, I'll talk about deal updates and provide a...
390 Views
Edelweiss Financial Services – The Whole Package
EDELWEISS FINANCIAL SERVICES: Edelweiss reported another loss. We are troubled by the enormity of the breakdown in credit, light loss reserves at...
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Bank Credit Weekly: Melt-Up in Asset Prices or Melt-Down in Conviction?
Melt-up in asset prices or melt-down in conviction? Short callable AT1 bonds led the ongoing rally in bank credit. Tier 2 bonds suggest more of a...
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