Bond Spotlight: New Issue Analysis The primary market features a new senior unsecured benchmark offering from the sovereign agency sector. Cur Issuer / Obligor Rating (M/S/F) Tenor / Maturity IPG / FPG Rank Denoms (k) Nature USD Korea Mine Rehabilitation and Mineral Resources Corporation / / 5Y / Sr Unsecured 200 x 1 Mandate Relative…...
According to PineBridge Investments’ 2025 Asia Fixed Income Outlook, the Asian high yield bond market is showing signs of recovery after the turbulence of 2023–2024. Default rates are declining and credit fundamentals are stabilizing, supported by easing stress in China’s property sector and broad-based policy support. These improvements have created a more attractive environment for…...
Diverging expectations for the 2025 rate outlook highlight growing uncertainty, as major institutions adjust their forecasts to address persistent inflation and slowing growth. Accordingly, we have summarized the year-end terminal rate forecasts from four institutions.
This strategy employs an equal allocation approach, distributing the total investment evenly across 10 individual USD-denominated investment-grade corporate bonds, each maturing in successive years from 2026 to 2035. This structure creates a 10-year bond ladder, providing regular income and mitigating interest rate risk.
Since October 2022, emerging market (EM) bonds have outperformed US Treasuries and corporate bonds, supported by positive economic momentum within EM countries, a resilient US economy, and the prospect of US rate cuts. While global growth may slow slightly, the outlook for EM bonds remains more optimistic than previously expected.
Hidden risks can still erode your returns—and structural subordination is one of the most overlooked.
It is not about whether your bond is “senior” or “secured.” Structural subordination has nothing to do with the legal terms of the bond itself.
This article summarizes key insights from four leading institutions on the 2025 global market outlook. J.P. Morgan, Deutsche Bank, UOB, and Allianz Trade have all revised their 2025 global economic forecasts, reflecting a moderation in growth expectations due to persistent inflation, geopolitical uncertainties, and elevated market volatility. J.P. Morgan anticipates strong global growth, supported by U.S. exceptionalism and a resilient dollar, while maintaining a constructive view on credit and equities, but a bearish stance on oil and base metals.
Bank of China Limited (BOC) is one of the largest state-owned commercial banks in China, with extensive global operations. It plays a crucial role in supporting China's financial system and economic development.
Bangkok Bank demonstrated solid performance in 2025, with a net profit of THB 45.211 billion, marking an 8.6% year-on-year growth.
