bonds

The bond market is also underpricing risks

(Aug 5): Interest rates around the world are heading lower as major central banks embarked on a fresh round of monetary easing. The US Federal Reserve cut its short-term policy rate, by 25 basis points as widely expected, for the first time since the end of the global financial crisis (GFC).

The bond market is also underpricing risks

(Aug 5): Interest rates around the world are heading lower as major central banks embarked on a fresh round of monetary easing. The US Federal Reserve cut its short-term policy rate, by 25 basis points as widely expected, for the first time since the end of the global financial crisis (GFC).

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How different assets perform in an economic slowdown

(June 19): It appears that the US is entering the slowdown phase of the economic cycle. But what might that mean for returns across asset classes? And can a recession be avoided?

For the first time in two years, the Schroders US output gap model is signalling a change in the US business cycle. It suggests the economy is moving from “expansion” to “slowdown” (the other two stages in the cycle being “recession” and “recovery”).

Singapore's emergence as a 'Smart Financial Centre'

SINGAPORE (May 22): In 2015, the Monetary Authority of Singapore (MAS) announced the “Smart Financial Centre” plan as part of the Smart Nation vision for Singapore, designating the financial sector to lead innovation and the implementation of new technology.

Since then we have witnessed many developments including progress towards a conducive regulatory environment, which has resulted in Singapore’s flourishing fintech ecosystem.

For the plan to be effective, the MAS devised several initiatives, including:

SIA establishes $2 bil medium term bond programme

SINGAPORE (Mar 14): Singapore Airlines has established a $2 billion medium term bond programme.

The city-state’s flagship carrier says net proceeds from the programme will be used to refinance existing borrowings, finance investments and fixed assets as well as goes towards general working capital purposes.

DBS Bank has been appointed arranger of the bond programme while DBS Bank, Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) have been appointed dealers.

Why 2019 might be a better year for investors: Schroders

After the disappointment of 2018, Schroders chief executive Peter Harrison rounds up the factors its fund managers think could lead to a brighter year ahead.

SINGAPORE (Jan 2): 2018 has been a disappointing year for most investors. Almost all markets, both stocks and bonds, fell in value last year, under pressure from rising interest rates, political developments such as Brexit, and the trade dispute between the US and China. With hindsight, markets were priced for perfection at the start of the year and were vulnerable to bad news - and there has been plenty of that.

Temasek exercises upsize option for retail bonds to $300 mil; trading starts this Friday

SINGAPORE (Oct 24): Temasek Holdings has successfully concluded the allocation of the public offer and placement of its new five-year Singapore dollar bonds, called T2023-S$ Temasek Bond, which come at a fixed interest rate of 2.7% p.a. over five years until maturity in 2023.

Temasek has also decided to exercise its upsize option to increase the issue size of $200 million by $100 million for the public offer, in view of the strong demand from retail investors.

Emerging markets have had a good run. But things may get bumpier

TOKYO/KUALA LUMPUR (Apr 17): Emerging markets have weathered this year’s market volatility just fine so far. But some investors are using this as an opportunity to get a lot more selective, with challenges looming from trade tensions to the winding down of central-bank stimulus.

China may be headed for rare property defaults, Neuberger says

SHANGHAI (Apr 17): Chinese developers may be headed for rare defaults on their debts as rising interest rates make it harder to roll over record borrowings, according to one of the few foreign money managers selling local financial products to the nation’s investors.

How much money do you need to be free?

SINGAPORE (Mar 26): Animals are born free. In the first few minutes of life, they learn to crawl. Next, they take off into the woods. And soon, they will hunt for themselves.

Men are born with ransoms on their heads. Whether they like it or not, they have to drag themselves to work to earn their keep. They battle daily to get to work, to work, and to come back from work. While they do battle at work, their children do battle at school.

How much does a man need to set himself free? In Singapore, it costs at least $1 million.

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