Biggest month of bond supply to test markets as rate cut bets fade
Global bond markets face the biggest amount of net sovereign issuance so far this year in June, just as economic data throws rate cuts into doubt, testing investors’ so-far strong…
Primary surplus, fiscal deficit, over-board austerity policy, and existential threats
International Monetary Fund (IMF) wishes government to have primary surplus, which means that before paying interest payments the country’s expenditure should be less than its revenue. Expenditure constitutes non-development (or…
Emerging market debt sales hit January record despite elusive flows
Sovereign debt sales from developing nations scaled an all-time record for January at $47 billion led by major and less risky emerging markets but a lack of investor flows into…
Three years after DirectBooks, US bond market still phoning it in
Wall Street’s three-year effort to modernize the way billions of dollars of new corporate bonds are sold via phone, chat message or email, is making slow progress. Broad adoption of…
Eccentric currency market reforms
September 2023 holds some significant importance for Pakistan, marked by a series of notable events. In the first week of this month, we witnessed unusual and rapid surge in the…
Russian supply uncertainty weighs on aluminium market
When aluminium hit its all-time high of $4,073.50 per tonne in March, it did so in direct reaction to Russia’s invasion of Ukraine. The market was pricing the potential loss…
LNG market & its challenges—II
Last summer, Pakistan (PSO) paid an exorbitant price of ~$20.06 per MMBtu, for a 138,000 MT of LNG cargo that was 29% higher against the Brent’s benchmark of that time.…
In US, booming real estate market highlights rich-poor divide
The US real estate market is booming even as the coronavirus crisis intensifies, and the seemingly insatiable appetite for new and older homes has sent prices soaring — meaning more…
Thumbs up for emerging markets’ QE experiment but risks loom
Many emerging markets emulated their developed peers this year with bond-buying programmes that successfully tamped down borrowing costs, yet unease is also stirring about the possible hit to hard-won monetary…
Marketing in a digital world
The idea of getting customers to subscribe to your products or services has to be one of the biggest factors a business considers when setting up a business. It is…
