Bank Credit Strategy: Asia HY Remains Oversold
High yield and cross-over securities of Asia-headquartered financials remain oversold. With interest rates anchored at current yields for the...
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Bank Credit Weekly: Risk Decoupling with China on Holiday
Risk sentiment decoupled between Asia and the US with positive momentum in Asia contrasted by negative momentum in the US. The holiday calendar...
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Crowding-In and Asia Bank Credit: The Context for H2 Expectations
Continued crowding-into US$- denominated credit is the likely outcome of the Fed’s Secondary Market Corporate Credit Facility. The details of the...
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Bank Credit Weekly: Risk-Off Then On as 1-Month HIBOR Hits 39-Month Lows
Unconventional monetary policy stimulus globally, should continue to push investors into high yield and emerging market bonds over the next few...
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Asia’s 2020 Callable AT1s: The FAB Non-Economic Precedent
First Abu Dhabi Bank PJSC (FAB or FABUH) surprised credit investors by announcing the call of its 5.25% coupon Additional Tier 1 (AT1) bond on...
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