UST flattening will likely persist
Mar 13, 2015 05:47 am UTC| Commentary
The Fed is expected to maintain its tightening bias in the near term and that the short end of the UST yield curve therefore faces upward pressure, while concerns about disinflation keep the long end of the curve low.This...
Spread curves of fundamentally weaker China property bonds likely to flatten off
Mar 13, 2015 05:41 am UTC| Commentary
In the China property space, fundamentally weaker bonds have relatively steep5Y/10Y curves, while stronger credits have fairly flat spread curves.For example, the BBB-rated GRNLGR bond trades at a bid Z-spread differential...
BOK cut likely to weigh further on KRW
Mar 13, 2015 05:28 am UTC| Commentary
The Bank of Korea (BoK) surprised the market by cutting the base rate by 25bps to 1.75%, a record low - even lower than the level reached during the global financial crisis in 2009. The move was against the market...
Philippines remittance growth likely slowed in January
Mar 13, 2015 05:21 am UTC| Commentary
The Philippines will release January overseas workers remittance data on 16 March.Standard Chartered notes the forecasts on Friday as follows: We expect remittances to have grown 5.2% y/y, following a 6.6% rise in...
India WPI likely moved lower in February
Mar 13, 2015 05:19 am UTC| Commentary
India is due to release WPI inflation data for February on 16 March.Standard Chartered notes the forecasts as follows: We expect the WPI to have contracted 0.6% y/y (previous: -0.38%). While petrol and diesel prices...
Indonesia Trade surplus likely increased in February
Mar 13, 2015 05:17 am UTC| Commentary
Indonesias National Statistics Agency (BPS) will release February trade data onMonday, 16 March.Standard Chartered notes the forecasts as follows: The trade surplus to have increased to USD 0.9bn from USD 0.7bn in...
USD-IDR to remain on an uptrend
Mar 13, 2015 05:05 am UTC| Commentary
A BI policy rate cut next week would surprise FX markets as well. A kneejerkmove higher is expected in USD-IDR in response to any policy easing.Standard Charterd notes as follows on Friday: More generally, we expect...
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