A changing investor base and profile, preference for non-China IG bonds and dwindling supply could be the three technical trends that will underpin 2H2016 Asian credit strategy, believe UBS analysts. Edwin Chan and colleagues said in their June 16 research piece titled “The Asia Credit Analyzer-What steal the show” that they expect U.S. Fed Fund rates to be hiked 25bps each in September and December. Asian IG corporate spreads to widen by 10bps by year-end Chan and team believe a changing investor base and profile could put the bonds in steadier hands with more Asia-centric buying. The analysts expect the continued preference for shorter-dated bonds to further…
Asian sovereigns face rating pressure
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports