Choose the category below to
refine article list


Search Results

Results: 1 - 10 of 30 for 
 per page
Sort result by 
  • SC FIRST – Investor confidence in EM is rising - Updated Fri May 1, 2015

    Capital flows surged to EM after the 18 March FOMC meeting and should continue to flow • We are bullish Thai and Malaysian bonds, where underweight positions are being covered • Recent rise in euro-area bond yields is a concern for EM rates, bu...

  • SC FIRST – Caution over, as Fed not impatient to hike - Updated Fri March 20, 2015

    Foreign investor sentiment towards emerging markets has improved after the 18 March FOMC meeting EM funds remain overweight duration and still favour Indonesia, but are returning to Malaysia EM/DM yield spread to be range-bound as foreign investor...

  • SC FIRST – Better off in EM in 2015 - Updated Thu January 29, 2015

    Current investor behaviour supports EM bonds, based on SC FIRST data on EM flows and positioning • Foreign holdings recovered in January after dipping in December; structural demand for EM continues • Indonesia stood out as the big positive story ...

  • SC FIRST – EM losing the game of patience - Updated Thu December 18, 2014

    Fed will be patient but EM investors are not; outflows are channelling through more liquid bond markets • While overall flows reflect the Fed story, relative flows show the lower oil story still captures mindshare • Stressed markets care about e...

  • Trip notes – Beyond oil - Updated Mon December 8, 2014

    We met with clients across the US last week to discuss opportunities heading into 2015 • Post-OPEC, the focus was heavily on oil; moves in trade-weighted FX had less focus • Risk addition is likely to be light into year-end; currency wars will rem...

  • SC FIRST – Lower oil prices, higher flows to EM debt - Updated Wed November 26, 2014

    Direction signal now neutral from negative as foreign flows to EM debt, especially oil importers, improve • Spread signal turns positive on flows to high-yielding oil importers (INR, ZAR, TRY, IDR) plus Brazil • October fund allocations reflect ...

  • SC FIRST – Structural flows favour Asia - Updated Tue October 28, 2014

    Direction signal stays negative on weak demand for EM debt; EM FX weakness puts pressure on EM bonds • Structural investors continue to favour Asia bonds; hard data supports Korea and Indonesia • Flow rotation continues from Russia, Turkey and So...

  • SC FIRST – Buy 10Y Indonesia on local factors - Updated Wed August 20, 2014

    Indonesia has been attracting unusually high inflows on a strong local story relative to valuations • Funds moved overweight during July and August, but positioning is only a risk if fundamentals change • EM-21 reserve build over May-July leaned a...

  • International settlement of IGBs would be positive - Updated Fri July 25, 2014

    In the budget, the finance minister mentioned making Indian debt eligible for international settlement • Such a move would substantially ease operational issues faced by foreigners in accessing local debt • For international settlement to be effe...

  • SC FIRST – Buy 5Y THB bonds vs pay 5Y swaps - Updated Thu July 17, 2014

    • New allocations charts show ongoing short-covering that will continue to support Thai bonds and FX • Direction signal back to positive: add new long 5Y THB bonds vs pay 5Y swaps • Spread signal shifts down to neutral, supporting low-yield bonds ...

Go to page

New User

Find out more about our research

Straight2Bank User

Please access our research via your Straight2Bank account

In Media

Technology: Reshaping the global economy

Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.