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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.

Macroeconomics

<ul>
<li>FDIC’s decision to put <a href="https://www.smartkarma.com/entities/svb-financial-group" target="_blank" data-smartkarma-citation="entities:6017:1" rel="noopener">Svb Financial (SIVB US) </a>and <a href="https://www.smartkarma.com/entities/signature-bank" target="_blank" data-smartkarma-citation="entities:3489:1" rel="noopener">Signature Bank (SBNY US)</a> under receivership created the worldwide market panic.</li>
<li>We believe the contagion will be limited to US regional banks which could see rising funding costs and a deposit flight to larger US banks.</li>
<li>The Fed’s multiple rate hikes in 2022 have finally broken the US regional banks and we expect this event to slow down the rate hikes even further.</li>
</ul>


FDIC’s decision to put Svb Financial (SIVB US) and Signature Bank (SBNY US) under receivership created the worldwide market panic.
We believe the contagion will be limited to US regional banks which could see rising funding costs and a deposit flight to larger US banks.
The Fed’s multiple rate hikes in 2022 have finally broken the US regional banks and we expect this event to slow down the rate hikes even further.


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