Bank Credit Compass: Asia Tier 2 and Short Duration Notes Sit in the Sweet Spot
Asia’s Tier 2 notes slightly outperformed AT1 in May. Shorter-duration bonds outperformed although there was greater differentiation in longer...
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Bank Credit Weekly: Month-End Rebalancing Takes Risk-Off Before Take-Off
Short duration positioning may remain the best strategy over the next few weeks, absent a material inflection point in the upcoming non-farm...
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Bank Credit Weekly: Liquidity Driven Melt-Up Pulls Spreads Tighter
Liquidity remains the key driver of bank credit spread performance. The risk is that the rates market is underpricing the potential for an extended...
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Bank Credit Weekly: Jobs Report Shocker Flattens Curves
Job data raises uncertainty as the Fed continues to act as bartender. Financial stability risks appear binary while rates push credit spreads. Can...
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The Week That Was in ASEAN@Smartkarma - BNI Is Happening, Indonesian Hospitals, and the PSE
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
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