Bank Credit Weekly: Virus Vs. Vaccine: Time to Sell the Caa-Bull?
Is it time to sell the Caa-bull market? Some AT1 bonds seem to be at a market top. We are set-up for disappointment. Nonetheless, we anticipate...
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Bank Credit Weekly: Vaccine Rally, Then Consolidation, Drives Outperformance & Turkey Vs Thai Banks
Positive vaccine news and the US election result lowers the likelihood of excessive US stimulus. This should cap pressure on Treasury yields and...
329 Views
Bank Credit Weekly: Election Goldilocks Priced-In as Growth Concerns Increase
A Goldilocks outcome resulted in excessive Caa-spread tightening. Markets are now overpricing an inhibited regulatory and China agenda. Asia’s...
353 Views
Bank Credit Weekly: Risk Reduction on Election and Virus Uncertainty
Market reactions to soaring Coronavirus contagion, underpriced election outcome risks and sidelined treasury investors may augment market...
322 Views
SGD Investment Grade Bond ETFs Avg 7% 1Y Total Return Amidst Low Rates
Fixed income ETFs on SGX have total AUM of more than S$3 billion, and seek to replicate the returns of major bond market indices across Asia...
367 Views