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(Hawk) Talk is Cheap
The way price responded to news of the highest inflation print since 1982 suggests that recent trading was all about the worst-case outcome.
Jan 13, 20222 min read


The Fed & Financial Conditions (the darker shadow)
Former Chairman of the New York Fed and now Bloomberg opinion columnist Bill Dudley suggested that the FOMC needs to “tighten financial cond
Jan 11, 20222 min read


Asia Bond Blurb - Mon, 10 Jan 2022
China IG spreads tightened 15bp last week as Treasury yields rose, although developers Longfor and Vanke were yanked the other way by price
Jan 10, 20222 min read


Asia Bond Blurb - Mon, 10 Jan 2022
China HY continued to decline this morning, led by Agile which was down as much as 12 points.
Jan 10, 20222 min read


Locked & Loaded
In policy circles it is never accurate to say that something is a “done deal” but the direction of official interest rates over the next few
Jan 10, 20223 min read


"Welcome to the Party Pal"
The irony about the market’s reaction to the hawkish FOMC minutes this week on the discussion of balance sheet run-off is that it should not
Jan 7, 20223 min read


Quantitative Tightening; not Quentin Tarantino
The way price responded to the more-hawkish-than-anticipated December FOMC minutes resembled something from a Quentin Tarantino movie – “Kil
Jan 6, 20223 min read


Asia Bond Blurb - Tuesday, 3 Jan 2022
Beware the Ides of March -
2022 started positively today with spreads around 3bps tighter.. please click picture for more
Jan 3, 20221 min read


Wonder-Fall: Don't Look Back in Anger
Welcome to 2022 and hopefully to a prosperous new year. It is an obvious point, but we should generally endeavour to focus on the future; af
Jan 3, 20223 min read


HO HO-UH OH
Pro-cyclical beliefs had already been under pressure over the past four weeks prior to the decision over the weekend by Senator Joe Machin’s
Dec 20, 20212 min read


Asia Bond Blurb - Fri, Dec 17 2021
RongXingDa Development (RISSUN) bonds were 3-5 pts higher following the announcement of
Dec 17, 20212 min read


Public Enemy: Don't Believe the Hike
A day after the Federal Reserve released its less-hawkish-than-feared revamped forecast profile, the Bank of England delivered a surprising,
Dec 17, 20212 min read
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