Outlook for the week
Key economic releases for the week
Last week summary
Activity in the Asia primary debt market tapered down mid-week as market volatility spiked. The sharp equity markets sell-off on Wednesday claimed casualties in the primary bond market in Asia G3, as Zhongyuan Yuzi’s 5yr deal got postponed after reaching FPG of
2.6%. Market appetite for new issues was significantly weaker this week with average number of accounts participating in new issues falling almost half from 118.8 to 64.8. Real money participation was notably weaker as well. This week, Banks took majority of new issue allocations (52.7%) while Asset Managers took 32.5%.
Timothy covers credit analysis of local and foreign bonds. Previously an equity dealer, he handled equity trade execution and portfolio management. 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.