Markets interpreted the FOMC as more dovish than expected causing an aggressive rally In Asian credit yesterday. INDON and PHIL US$...

FOMC played out largely as expected with the Fed hiking rates by 25bps in a unanimous vote. During the press conference however, Powell...

Australia: Buyers of Aussie bank T2 paper, spreads 1-3bps tighter. Bank of New Zealand issued BZLNZ 4.846 02/07/28 US$850mm senior...

Asia IG and Australia CDS markets open unchanged with sentiments turning soft for most of last Friday. Cash bond markets start 1-2bp...

The report on the Adani Group by activist short seller Hindenburg caused the curve to sell off 12-13pts in IG names, and 15-16pts in HY....

Happy Australia Day! Australia and India joined China and Taiwan on holiday today, which kept volumes low. There was still better buying...

China, HK and Taiwan are still closed for the Lunar New Year celebrations, so volumes were muted. Spreads on Asia credit were unchanged...

Asia investment grade Credit was in demand yesterday ahead of CNY. Real money was buying subordinated debt; AT1, T2, perpetuals. IG SOE...

Asia credit opened today’s session a couple bps wider in general, but 2-way will probably help it pull back, given the current level of...

In Europe yesterday a Bloomberg ECB source article claimed that the case for switching to 25bp, following 50bp in February was gaining...

Asian bonds continue to creep better with China data being better than market consensus despite the slowdown in growth rates: Dec retail...

US MARKETS - The first week of 2023 ended with an explosive rally in US rates after the December jobs report showed wage growth slowed,...