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Loose as a Goose
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.”
Nov 24, 20213 min read
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Asia Bond Blurb
China HY fell yesterday after the embattled China Aoyuan "surprisingly" hired financial advisor Admiralty Harbour Capital to assess their ca
Nov 24, 20212 min read
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Asia Bond Blurb
China HY held onto the early 1-2pt gains yesterday. Gainers included Zhenro Properties which repurchased some of its bonds in the ....
Nov 23, 20211 min read
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The Bullish Case for Japan
The path to investment hell is paved with naive overlay charts. That being said, there is a legitimate relationship between the performance
Nov 22, 20213 min read
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Asian Bond Blurb
Safe haven global rates rallied on Friday as Covid worsens in Europe. The entire German yield curve fell back into negative territory. 30yr
Nov 22, 20211 min read
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The Smiling Assassin (The Dollar Smile)
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
Nov 17, 20213 min read
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Asia Bond Blurb
Tuesday reversed some of the 4-day gains for China HY, down 3pts on average, on profit taking from real money and tradin
Nov 17, 20213 min read
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Reflexivity & Consumer Sentiment
One of the more reflexive relationships in markets is the one between asset prices and consumer sentiment. During euphoric phases in the sto
Nov 16, 20213 min read
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Last Call For Alcohol
In July 2007, Chuck Price the former CEO of Citi infamously proclaimed, “as long as the music is playing, you’ve got to get up and dance,” h
Nov 12, 20213 min read
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The Shirt-Front on Team Transitory
The disturbing element of October’s inflation print is that two key elements of consumer price index are yet to be fully reflected in the da
Nov 11, 20213 min read
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Deep Discomfort - Taking on Asian High Yield
One of my mentors used to say that the best trades are often when you feel deeply uncomfortable about the position. Asian High Yield falls i
Nov 10, 20213 min read
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The Non-Predictions for 2022
As is customary at this time of year, analysts start to publish their economic and market forecasts for the following period. From a top-dow
Nov 9, 20213 min read
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