Blog | Conduit Group | Page 15 of 28

Bond Market Insights - Thurs, 29 Sept 2022

The scale of the UK Gilt market rout that was close to wiping out pension funds can be demonstrated by UKT 1.25% 2051 sank to around at...

Sep 29, 20222 min read

Asia HY moves were dominated by CIFI Holdings, the 13th larges builder by contracted sales. Its equity plunged 27% to trade below HK$1....

Sep 28, 20222 min read

Selling of Asia IG on Monday pushed CDS up 10bps, while China, Japan and Korean bonds were held to a 4-6bp widening. There were balanced...

Sep 27, 20222 min read

Pakistan was busy on Friday, after the PM spoke of needing debt relief in the UNGA. Bonds corrected sharply lower 6-12pts. Subsequently...

Sep 26, 20223 min read

China property space had a mild correction into the weekend. AGILE fell a further 4-5pt and closed with a $30 handle. Real money and...

Sep 25, 20222 min read

The dot plot was a bit more aggressive than expected at 200bp by end-2022 instead of 175bp with the terminal rate raised to 4.6% and a...

Sep 22, 20222 min read

Current market trends continued yesterday. Fosun was off 3pts, with selling from real money and private banks. China property was mixed...

Sep 21, 20222 min read

Asia IG was mostly unchanged to a tad wider. Real money was chasing short to mid dated China Bank Leasing paper. Korean long end was...

Sep 20, 20222 min read

Asia Credit was muted today with Japan is out for Respect for the Aged Day and ahead of the UK’s break for the funeral of Her Majesty...

Sep 19, 20222 min read

At last, some supply for Asia credit. Two 3yr deals came on Thursday, $300mm Korean Airlines (Aa2/AA) 4.75% 9/25 and a small $100mm green...

Sep 16, 20222 min read

China IG remained firm tone despite CPI on Wednesday. Fast money accounts were trying to short 10-year papers initially, to hedge overall...

Sep 15, 20222 min read

China HY’s tone remained firm on Tuesday, focused on the short- end, as opposed to the recent duration extensions from real money. The...

Sep 14, 20221 min read