tag:blogger.com,1999:blog-34323687.post8837246184490405989..comments2024-03-28T12:22:11.704+00:00Comments on Macro Man: Was that a flash of White sock?Macro Manhttp://www.blogger.com/profile/12324967552369915949noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-34323687.post-30497152940089333012010-09-09T08:37:19.666+01:002010-09-09T08:37:19.666+01:00You don't even need a Bloomberg terminal for t...You don't even need a Bloomberg terminal for the chart of the premium between the Hong Kong A and H shares -- just go to Bloomberg's web site here:<br /><br />http://www.bloomberg.com/apps/quote?ticker=HSAHP:INDUnknownhttps://www.blogger.com/profile/16132438450572838251noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-82955857653319746142010-09-09T00:27:30.572+01:002010-09-09T00:27:30.572+01:00"I don't think there is a bloomberg funct..."I don't think there is a bloomberg function last I checked..."<br /><br />HSAHP IndexAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-34323687.post-85800777497911937392010-09-08T16:09:23.461+01:002010-09-08T16:09:23.461+01:00thanks nemothanks nemoabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-71719473876922875162010-09-08T15:20:59.691+01:002010-09-08T15:20:59.691+01:00abee crombie, you can get this data - just take al...abee crombie, you can get this data - just take all the dual listed names and do the analysis. I don't think there is a bloomberg function last I checked though you can just build your own custom index if you have a spare hour or so. Its mostly the big banks so get those 4 out of the way and all you have left are a few oil companies and that's the lot.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-2952485508394293032010-09-08T15:19:30.140+01:002010-09-08T15:19:30.140+01:00Folks the reason they don't add up is because ...Folks the reason they don't add up is because local banks are the plug - yield curve tend to slope upwards in a big way in most places EM and as a result local banks are happy holders of long term paper when they have a good deposit base and low loan/deposit ratio, both of which they generally do. If you put in the local banks the chart looks screwy because they are such a big number.Nemo Incognitohttps://www.blogger.com/profile/07345185457108156269noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-33235710564489002852010-09-08T14:16:44.338+01:002010-09-08T14:16:44.338+01:00Nice post.. I recently heard that Hong Kong H shar...Nice post.. I recently heard that Hong Kong H shares are trading at a premium to A shares, which would also be a good indication of foreign interest in Asia. Any idea how to find that premium/discount via bberg<br /><br />thanksabee crombiehttps://www.blogger.com/profile/13320039155613443039noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-18655278548515836552010-09-08T14:12:54.653+01:002010-09-08T14:12:54.653+01:00@scharfy: this was the first bout of inversion of ...@scharfy: this was the first bout of inversion of the sterling curve. If memory serves, as usual it had smth to do with a new regulatory development arnd the liabilities of the defined benefit schemes and hedging thereof.Martin Ghoulhttps://www.blogger.com/profile/16081823970007005988noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-61449673009491792582010-09-08T12:55:09.531+01:002010-09-08T12:55:09.531+01:00something looks to be missing from that chart ie n...something looks to be missing from that chart ie not included in the others<br /><br />they dont seem to sum to 100%<br /><br />-foreigners ~27%<br />-insurance ~13<br />-mutual ~8<br />-others ~7<br />-local pens ~6<br />-CB ~3<br /><br />total 64%?vvvhttps://www.blogger.com/profile/11125117362514300631noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-75360954891067864272010-09-08T09:18:45.966+01:002010-09-08T09:18:45.966+01:00I have a question about the Indo local debt chart....I have a question about the Indo local debt chart. If this is percentage holdings of local debt, why do all the holders not equal 100% all along the line? ie if the % of foreign holders have gone up, which group is not holding less?Lord Digbyhttps://www.blogger.com/profile/15576301677085512181noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-19589309808129681582010-09-08T08:41:54.449+01:002010-09-08T08:41:54.449+01:00Agreed. Ireland and Portugal real smelly. But I go...Agreed. Ireland and Portugal real smelly. But I got real interested when a guy I read who never deals with finance picked it up. By 10 AM NY, there were already 330 distinct blog references to the story - in English. I gave up on the news search.<br /><br />This is asteroid hit territory.<br /><br />CheersCharles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-60737518727667047182010-09-08T05:20:24.888+01:002010-09-08T05:20:24.888+01:00Thought I'd ask the very sharp commenters (and...Thought I'd ask the very sharp commenters (and TMM) the following forex/rates history question if anyone has a free moment during these boring days. (feel free to delete if off topic too much)<br /><br />I was looking at a chart of 20 year Gilt yields vs BOE base rate, and the spread goes from 200 BPB to a negative 200 BPS from late 96 to early 98. <br /><br /><a href="http://pragcap.com/rab-capital-massive-decline-in-yields-coming%22" rel="nofollow"> Chart of yield spread</a><br /><br />The asian flu was happening, but I was too busy with youthful indiscretions, and don't understand the implications to the UK, so whats the story with that move in the UK yield curve. <br /><br />Any insights would be appreciated - help out a Yank. Apologize for the off topic post - but you guys have a more nuanced view of these matters :)scharfyhttps://www.blogger.com/profile/18309882331114382248noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-51642822710098266652010-09-07T22:43:09.636+01:002010-09-07T22:43:09.636+01:00Maybe Charles, But I d rather not be long of Euro...Maybe Charles, But I d rather not be long of Euro. Only biding my time waiting to crucify it again ( or any part that breaks off it).Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-10470177711537426282010-09-07T19:58:07.947+01:002010-09-07T19:58:07.947+01:00If one can judge by the totally astronomical numbe...If one can judge by the totally astronomical number of bloggers that have grabbed the WSJ story, it might be one to get on the other side of.Charles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-45711586088140286152010-09-07T16:30:37.713+01:002010-09-07T16:30:37.713+01:00It's supposed to go into Greek guvvies, dammit...It's supposed to go into Greek guvvies, dammit!Martin Ghoulhttps://www.blogger.com/profile/16081823970007005988noreply@blogger.comtag:blogger.com,1999:blog-34323687.post-31893460973335414942010-09-07T14:58:12.768+01:002010-09-07T14:58:12.768+01:00That might be a picture of London this week with e...That might be a picture of London this week with everyone trying to board the one Underground train that is running.<br /><br />LB looked at a chart of EMB recently out of curiosity and recoiled in shock. This is what happens when lots of CBs turn on the liquidity spigot simultaneously: it all has to go somewhere, and it ain't going into Greek govies, apparently.Leftbackhttps://www.blogger.com/profile/07728096415928915882noreply@blogger.com