Kei. Han

Fixed Income PM at family office. Interests in Macro.

[Kei. Han @allsgut]

@AlexanderKim120 Hawkish.

[FinancialJuice @financialjuice]

Meta announces it will spend $40b more on Louisiana data center.

[Kei. Han @allsgut]

@NathanYJLee 채권으로 조달이 부담되면 유증으로 나올테고 말씀하신 것처럼 탑티어는 그래도 아직까진 여유가 있어보이네요.. 당장 아마존 최근에 25Bn 시장 조달 한것도 그렇고요.. 쌓이면 아래등급부터 데미지 입겠죠…

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

IG hyperscaler credit spreads on the rise... Torsten at Apollo

[zerohedge @zerohedge]

Hyperscaler debt issuance: "the need for AI-related capital extends beyond the borders of the USD IG new issue market." - Goldman

[사토시옹 🍔 @greenpark67]

오해할 내용이 뭐가 있을까...???

[Duality Research @DualityResearch]

The gap between Semiconductor YoY price performance and YoY EPS growth has reached a new extreme!

Investors are clearly pricing in a peak in earnings growth. But what if they're wrong?

What if AI infrastructure spending fundamentally reduces the industry's historical cyclicality?

[©️redit From Ⓜ️acro to Ⓜ️icro @Credit_Junk]

These types of investors are more price sensitive and use more leverage (not holding bonds to maturity).
That makes markets more volatile, increasing pressure for higher yields.

[FedResearch @FedResearch]

When term premiums go up, banks lend MORE. We formalize this in a dynamic bank portfolio model & test it using the 2013 Taper Tantrum. Finding: QE's term premium compression may dampen bank lending, working against monetary policy stimulus goals. https://t.co/LHv4obrSmR

[zerohedge @zerohedge]

What's Behind The Plunging Won And Sudden Liquidity Collapse In Korean Markets https://t.co/1Xu8NzriNd

[East Asia Econ @eastasiaecon]

Korea – broader cycle, but mixed
There are signs of a broadening of the cycle, with construction past the worst, capex rising, and the labour market bottoming. However, while services activity has been strong recently, retail sales are still sluggish, and industrial production is going sideways.
https://t.co/5OUGgLUH7E

[Rudy Havenstein, Senior Markets Commentator. @RudyHavenstein]

@BloombergTV She's a financial war criminal.
https://t.co/E5okeZkz6x

[Kei. Han @allsgut]

@DsrPrivate Yes. I agree.

[Kei. Han @allsgut]

@DsrPrivate Unless the front end participates this rally, additional rally of the long end looks limited here, I believe.

[Kei. Han @allsgut]

@DsrPrivate Interesting move. Do you think the long end rally is caused by unwinding dovish fed positions like bull steepener?

[zerohedge @zerohedge]

*NVIDIA DRAWS $85 BILLION OF INVESTOR DEMAND FOR JUMBO BOND SALE

[*Walter Bloomberg @DeItaone]

$NVDA - NVIDIA TO RAISE $20 BILLION THROUGH SEVEN-PART U.S. BOND ISSUANCE – SOURCE

[Steve Hou @stevehou]

“Strait of Hormuz 2 Pro Max” has a 60 day promotional free trial period.

[🏴‍☠️ @calvinfroedge]

Oil shorts at highs

[Kei. Han @allsgut]

Leverage cuts both ways..

[Theo_쎄오 @THE0129]

이 사람 내가 알기로 하이닉스 사팔사팔로 시드 10억까지 불린 다음
이번에 20억 신용융자로 33억 몰빵 한걸로 앎

워낙 사팔사팔 하는 스타일이라 지난 목, 금에 팔았을 수도 있지만
만약 안팔고 보유중이라면
월요일 갭하락시 어케 되는걸까..

결국 레버리지로 흥한 자 레버리지로 망하는 것 같음..