Outlook for the week
New bond issues may begin tapping the SGD market after a lull in June.
Key economic releases for the week
Last Week Summary
Asia primary bond market kept pace last week with sovereigns active. Both Republic of Philippines and the Government of Mongolia priced jumbo deals last week. Investor momentum was strong pushing average initial price guidance tightening up by 10.5bps to hit 36.9bps. The 10 year US treasury yield inched down to 1.464%. US$9.395bn of bonds was issued from 20 deals. Breakdown: Investment Grade: US$6.825bn, High Yield: US$2.2bn, Non-Rated: US$370mn
Timothy covers the US technology sector focusing on hardware companies. Previously a credit analyst, he handled bond analysis and research for the fixed income desk. He has presented seminars for organisations such as SIAS, SPH and IRAS, commentated live market updates for 93.8FM, and authored investment articles for the Business Times newspaper. He graduated with a Bachelor of Commerce in Accounting & Finance from the University of Western Australia.