Outlook for the week
Key economic releases for the week
Last Week Summary
Activity in the Asia credit space ramped up, with an 89% increase in number of deals printed versus the previous week. Total weekly deal volume printed increased by US$4.8bn to US$6.9bn. Average initial price guidance tightening also increased 12.2bps to 32.5bps and the average number of active accounts almost doubled, averaging 112.4 accts last week. 10yr US Treasury yields recovered to 1.615%, after dipping mid-week. Singapore reported GDP growth of 1.3% YoY in 1Q21, the highest since the last quarter of 2019. US$6.9bn of bonds was issued from 17 deals. Breakdown: Investment Grade: US$4.01bn, High Yield: US$1.44bn, Non-Rated: US$1.45bn.