Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Debt Capital Markets

iShares 3-7 Year Treasury Bond / Debt Capital Markets

<ul>
<li>We believe Moody’s simply took the opportunity on the Tariff news to move USA’s rating to be in-line with those of the other two agencies.</li>
<li>Though rising rates are not friendly to fixed rate bonds, we believe Asian high-yield bonds remain a good place to park capital in the near term</li>
<li>We prefer short duration under 5 years to keep duration low in preparation for an upward pressure on rates in the near term.</li>
</ul>


We believe Moody’s simply took the opportunity on the Tariff news to move USA’s rating to be in-line with those of the other two agencies.
Though rising rates are not friendly to fixed rate bonds, we believe Asian high-yield bonds remain a good place to park capital in the near term
We prefer short duration under 5 years to keep duration low in preparation for an upward pressure on rates in the near term.


Bond Market Monitor: TRUMPoline Projectile

Credit

<ul>
<li>The biggest event in 2024 which will impact rates in 2025 is perhaps the victory of Donald Trump, who promised to cut taxes and raise tariffs.</li>
<li>We do not believe the US economy could continue to grow at 3% annually with expectation of a recession in 2026. For 2025, we see declining consumption and sticky inflation.</li>
<li>Elevated rates are positive on fixed rate USD bonds as long as there is no rate hike of which we believe for 2025. </li>
</ul>


The biggest event in 2024 which will impact rates in 2025 is perhaps the victory of Donald Trump, who promised to cut taxes and raise tariffs.
We do not believe the US economy could continue to grow at 3% annually with expectation of a recession in 2026. For 2025, we see declining consumption and sticky inflation.
Elevated rates are positive on fixed rate USD bonds as long as there is no rate hike of which we believe for 2025. 


Bond Market Monitor: 2025 as Another Year for USD Bonds

<ul>
<li>10 months + since Russia invaded Ukraine and there is yet no end to the war in sight.</li>
<li>The negative 2/10 spread generates quite a conviction by almost all of market participants that the world is heading into recession next year.</li>
<li>We believe inflation could slow down and the on-going rate hikes may end faster than expected. Slower/smaller than expected rate hikes provide a bullish case for bond investments in 2023..</li>
</ul>


10 months + since Russia invaded Ukraine and there is yet no end to the war in sight.
The negative 2/10 spread generates quite a conviction by almost all of market participants that the world is heading into recession next year.
We believe inflation could slow down and the on-going rate hikes may end faster than expected. Slower/smaller than expected rate hikes provide a bullish case for bond investments in 2023..


United States

iShares 3-7 Year Treasury Bond ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities between three and seven years.

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iShares 3-7 Year Treasury Bond (IEI US)

Bond Market Monitor: TRUMPoline Projectile

Moody's adjusts USA's rating in line with other agencies, Asian high-yield bonds seen as a good investment despite rising rates, short duration...

Bondcritic

Bond Market Monitor: 2025 as Another Year for USD Bonds

The impact of Donald Trump's victory in 2024 on rates in 2025, with expectations of a recession in 2026 and declining consumption but sticky...

Bondcritic

Bond Market Monitor: Bonds Are Back

The market believes the world is heading into recession next year. Inflation could slow down and the on-going rate hikes may end faster than...

Bondcritic

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bond Market Monitor: TRUMPoline Projectile

​Moody's adjusts USA's rating in line with other agencies, Asian high-yield bonds seen as a good investment despite rising rates, short duration...

Bondcritic

Bond Market Monitor: 2025 as Another Year for USD Bonds

​The impact of Donald Trump's victory in 2024 on rates in 2025, with expectations of a recession in 2026 and declining consumption but sticky...

Bondcritic

Bond Market Monitor: Bonds Are Back

The market believes the world is heading into recession next year. Inflation could slow down and the on-going rate hikes may end faster than...

Bondcritic

Moody's adjusts USA's rating in line with other agencies, Asian high-yield bonds seen as a good investment despite rising rates, short duration...

The impact of Donald Trump's victory in 2024 on rates in 2025, with expectations of a recession in 2026 and declining consumption but sticky...