Choose the category below to
refine article list


Search Results

Results: 1 - 10 of 39 for 
 per page
Sort result by 
  • NEA-SEA divergence to increase, USD to strengthen - Updated Thu December 19, 2013

    We expect NEA to outperform, SEA to underperform on Fed tapering due to C/A, cyclicality of investors • USD should rally against SEA, commodity currencies, JPY and CHF; EUR and GBP should hold up better • Asian bond yields should peak in Q1; INR...

  • Rates outlook and strategy 2014 - Updated Thu December 12, 2013

    • EM rates should have an inflexion point around tapering; EM bearish into tapering, followed by recovery • Our total-return analysis identifies Indonesia, India and Brazil as the favourites for 2014 • Pre-tapering: Bond investors should buy 3Y KT...

  • BI keeps the BI rate unchanged - Updated Thu December 12, 2013

    • Event • Bank Indonesia (BI) kept the BI rate unchanged at 7.50% at its policy meeting in December. It also kept the BI overnight lending facility (repo) rate at 7.50% and the BI overnight deposit facility (FASBI) rate at 5.75%; the repo rate is ...

  • 02-Dec – Shift to Neutral duration on IDR bonds - Updated Sun December 1, 2013

    Top 3 data/events • Australia – RBA likely to maintain status quo, reiterate AUD is elevated • Singapore – November PMI readings likely to remain firm • US – ISM manufacturing survey likely moderated • Market focus • Shift to a Neutral duratio...

  • 22-Nov – Client feedback: LA, London and Amsterdam - Updated Thu November 21, 2013

    Top 3 data/events • Singapore – We revise our SGS yield forecasts for 2014-16 • Singapore – Inflation likely rose slightly in October • Taiwan – Rising export orders may have boost industrial production • Market focus • Investors believe Fed...

  • Buy 10Y IDR bonds on supply, BI’s proactive stance - Updated Fri November 15, 2013

    We recommend tactically buying 10Y IDR bonds at 8.30%; target: 7.50%, stop-loss: 8.70% • We see value in the 10Y after its 160bps rise in November; near-term supply outlook is constructive • Fundamentals are improving as BI shifts priority to ens...

  • Indonesia – BI unexpectedly hikes rates - Updated Tue November 12, 2013

    Event – Bank Indonesia (BI) unexpectedly hiked the BI rate by 25bps to 7.50% at its November policy meeting. It also hiked the overnight deposit facility (FASBI) rate by 25bps to 5.75% and the repo rate by 25bps to 7.50%. The FASBI rate is the lower...

  • SGS – Take profit on 5Y SGD IRS receiver - Updated Wed November 6, 2013

    We close our 5Y SGD IRS receiver and the 5Y/10Y SGS flattener; near-term upside risks to yields remain • Stay Neutral duration on SGS, given the delayed start of QE tapering, manageable near-term supply • The risk of indigestion will be significan...

  • The super-cycle lives: EM growth is key - Updated Wed November 6, 2013

    In 2010 we argued that fast growth in emerging markets (EM) and their increasing weight in world GDP was driving an economic super-cycle. We have lowered our forecasts for China, India and others, but the case broadly still holds (see Part 1). • We...

  • Indonesia – A non-expansionary budget for 2014 - Updated Mon October 28, 2013

    Parliament passed a non-expansionary budget for 2014, with a deficit target of 1.7% of nominal GDP • We maintain our forecast of a deficit of 1.5% of nominal GDP • Net supply target is IDR 205tn, or 12% lower than in 2013; stay Overweight duration...

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.