Credit Extension:  Noble Gets a Breather

Credit Extension: Noble Gets a Breather

Grim days at Noble Group brighten slightly with a $2 billion credit facility extension from its banks until mid-October. This extension would provide the crisis-hit commodity trader some greatly needed leeway to source for solutions to its debt problems. Following...

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Fed Signals One More Hike for 2017

Fed Signals One More Hike for 2017

As expected the Fed hiked rates by 25 bps. Asian corporate bonds rallied post FOMC. US 10 year bond yields continue to decline, they are now at 2.14% and at the lows for the year. The next meeting is on July 27, with only a 2.5% chance of a hike. Should inflation and...

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China to Issue First Sovereign Bond since 2004

China to Issue First Sovereign Bond since 2004

Following a previous downgrade of China's credit rating by one notch to A1 on May 24th, China continues its efforts in bonds offerings in bid to internationalise its currency. China’s Ministry Of Finance has announced that it will issue 14 billion of Yuan denominated...

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1, 2, 3, 4th Fed Hike!

1, 2, 3, 4th Fed Hike!

The Fed is in the midst of its two-day policy meeting. It is widely anticipated that it will hike rates for the 4th time in this cycle late Wednesday night Asia time. With only one increase each in 2015 and 2016, this will also be the first time that two rate hikes...

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