A key part of our process is to determine whether there is a divergence between price or consensus beliefs on the one hand and the fundament

Sino Ocean confuses - Zhuhai allows travel - Meta adds to mega new issue week - Singapore goes green

Over the past few weeks while your humble student of the markets was away from the screens there has been an intense battle between the infl

Asia Credit boosted by macro factors - TSMC new issue meets good reception - Panama follows Ecuador, Sri Lanka's example.

Will sovereign defaults result in a Lost Decade, similar to LATAM in the 80's?

There is little doubt that the prevailing bias has shifted from inflation and interest rate fear to growth risk. In recent weeks the deterio

Markets fluctuate with Rates - More bond extensions - Argentina's CFK gets her way - Vietnam recovers - consider our Vietnam fund for access

Cracks in the Great Wall? - Shimao defaults again - Powerlong extends - Greenland SOE status

A cliché we often hear is that markets hate uncertainty. That tends to wind us up because markets are always uncertain as human beings canno

An observation we made last week is that the rapid and emotional tightening in broad financial conditions has started to impact the spot pri

It is an obvious point, however, the key components of equity return are; 1) earnings per share; and 2) the valuation multiple. Of course, t

China Property goes for extension squared - Argentina slides towards defaults - Russia does default