If we had to describe our approach in one line it is: to take on the emotional sources of volatility in markets. Stated differently where th

Markets slumped in Asia and Europe on Friday and thin volumes exaggerated market moves in New York, much of the activity appearing to be dri

Thanksgiving gave no respite to China HY property bonds, fast money was busy shorting the likes of Shimao Group. Real money provided support

The slump in lower quality China high yield property bonds continued yesterday, prices down as much as 4pts. Better quality names such as Gr

In Australia, a “goose” is a light hearted term to describe someone who is a bit foolish. A more derogatory term might be a “flaming galah.”

China HY fell yesterday after the embattled China Aoyuan "surprisingly" hired financial advisor Admiralty Harbour Capital to assess their ca

China HY held onto the early 1-2pt gains yesterday. Gainers included Zhenro Properties which repurchased some of its bonds in the ....

The path to investment hell is paved with naive overlay charts. That being said, there is a legitimate relationship between the performance

Safe haven global rates rallied on Friday as Covid worsens in Europe. The entire German yield curve fell back into negative territory. 30yr

One of the complexities of the foreign exchange market is that the US dollar – as the global reserve currency – can rally in phases of risk

Tuesday reversed some of the 4-day gains for China HY, down 3pts on average, on profit taking from real money and tradin

One of the more reflexive relationships in markets is the one between asset prices and consumer sentiment. During euphoric phases in the sto