Japanese Lifers sell most foreign debt since 2020 in March - Asia credit dominated by new issues -

FOMC minutes a non-event, Continued selling of China TMT bonds overnight, consolidation in China property

From our perch, the communication from the Fed’s Brainard overnight was thick with irony. As my Italian friend noted, I never thought I woul

US Treasuries sold off led by the belly of the curve - FOMC the main focus today - Despite downgrades HY China property being sought after

Asia Sovereign’s were dominated by the frontier markets. Pakistan and Sri Lanka were marked down as political uncertainty escalated.

The recent macro news flow has many parallels with the 1970s. As a result, I cannot seem to get the immortal Donna Summer out of my head. Th

Oh boy, what a quarter it has been in markets. The round trip on the S&P500 (the global risk proxy) has been -14% from the early January hig

Month end rebalancing took Asia IG spreads up to 4bp tighter yesterday. There was some real money selling of India corporate 10yr benchmarks

Following the balance sheet recession Japan has experienced a long (perpetual) phase of near zero interest rates. The period also coincided

There is an old saying in the stock market that you should be buying when they’re crying and selling when they’re yelling. The observation i

There has clearly been a shift in the prevailing bias on the path of future short term interest rates this week. The upshot is that the Wall

The moves in US Treasuries are central to sentiment currently. Fed's Bullard continues hawkish, wanting 300bps hike this year...