Know More. Risk Better. From Taipei to Hong Kong: Investor Positioning, Crowded Trades & Risks
This week on “Know More. Risk Better.” Winnie Cisar goes global with Zerlina Zeng, CreditSights’ Head of APAC Credit Strategy, fresh from meetings in Taipei and Hong Kong. They break down how Asian lifers, bank treasuries, private banks, and hedge funds are positioning across USD, EUR, and local markets.
Topics: cash-rich backdrops, high funding costs, tight spreads, and why investors prefer duration over credit risk; Fed cuts, long-end Treasuries, and curve steepening; USD vs. AUD/SGD/CNH flows and hedging costs; crowded trades in DM financials and GCC banks; two-way risk in Japanese lifers’ debt; China macro, property overhang, and selective HY’s comeback. Plus, what to expect in Asia ex-Japan supply versus heavier Japan/Australia issuance—and why not to chase every new deal.
A timely field report on how Asia’s positioning is shaping global credit and FX. Tune in for practical takeaways on duration, sectors, FX, and liquidity.