Analysis on Fixed Income, Fx & Equity Markets

We expect Bangladesh Bank to gradually tighten monetary conditions in the second half of FY2009/10 (July-June) as the strong inflow of remittances and the central bank's liquidity-boosting... 2010-02-01

Although the global financial crisis has abated, and Asia's recovery story to date has more than exceeded expectations, we believe that little has changed in terms of the structure... 2010-01-28

Revisions to trade data from December have confirmed our view that the 3% devaluation of the dong on November 25 has done little to address Vietnam's underlying balance-of-payments... 2010-01-28

We view the re-election of President Mahinda Rajapaksa as positive for Sri Lankan growth in the short term as it will ensure the political stability needed to support the economic... 2010-01-27

BMI View: S&P's decision to cut Japan's sovereign credit outlook to negative on January 26 was long overdue, and we believe that a full downgrade to the country's 'AA' long-term... 2010-01-26

BMI View: We view the bankruptcy filing of Japan Airlines (JAL), Asia's largest carrier, as a worrying sign of things to come, as the government increasingly loses the willingness... 2010-01-19

Substantial expenditure pledges in the run-up to the presidential elections on January 26 have prompted us to revise up our nominal fiscal deficit forecast for 2010 from 6.3% to 6.8%... 2010-01-11

We maintain our bearish outlook on Vietnam's local debt, a view we have been running since June last year, when then yield on the benchmark 5-year government bond was at 9.38%. Now... 2010-01-07

The strong domestic demand-driven recovery in Vietnam has brought real GDP growth to 6.9% y-o-y in Q409. We believe a sharp tightening of fiscal and monetary policy will be needed... 2010-01-04

Having enjoyed gains of 42bps to date on our short (in essence, 'receive fixed / pay floating') Australia's 9x12 FRA call, we decided to go one step further today by entering a bearish... 2009-12-17