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Asia Bond Blurb - Thurs 02 Dec 2021
Oceanwide Holdings seeks to extend the tenor of CNY 6.8bn in loans from China Minsheng Bank and Fujian Yango fails to obtain noteholder app
Dec 5, 20211 min read


The Convexity for Equity in Rates
Equity price action over the past week has been a little spicy. Through most of Wednesday the stock market appeared to look through the omic
Dec 2, 20212 min read


Asia Bond Blurb - Wed, 01 DEC 2021
China HY closed in positive territory for the most part, Times China Holdings, KWG Group and Roadking leading the charge. Agile, Yuzhou and
Dec 1, 20212 min read


The Emotional Sources of Volatility
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
Nov 29, 20213 min read


Asia Bond Blurb - Mon 29 Nov 2021
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
Nov 29, 20211 min read


Asia Bond Blurb - Fri, 26 Nov 2021
Thanksgiving gave no respite to China HY property bonds, fast money was busy shorting the likes of Shimao Group. Real money provided support
Nov 26, 20212 min read


Asia Bond Blurb - Thu, 25 Nov 2021
The slump in lower quality China high yield property bonds continued yesterday, prices down as much as 4pts. Better quality names such as Gr
Nov 25, 20212 min read


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


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


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


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


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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