Jonathan Rogers graduated from Oxford University in 1986 where he read Politics, Philosophy and Economics. That year he joined Nomura International , attending the company’s graduate trainee programme at Nomura Securities’ headquarters in Tokyo. He worked as an institutional bond salesman for Nomura in London for five years, covering central banks and institutions in Scandinavia. He subsequently worked on the institutional sales desk at Long Term Credit Bank of Japan in London before moving on to the derivatives and structured note desk at First National Bank of Chicago in London. Jonathan joined IFR Asia in 2003 as syndicated loans editor and subsequently became debt capital markets editor in 2005. He is currently IFR Asia’s chief analyst, credit.
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THE SECONDARY LOAN market in Asia has been expected to boom for a long time. It was a hoped-for venue of rich liquidity and was seen as a handy, indeed necessary, means for banks to tweak their balance sheets.
HSBC HAS JUST published a fascinating piece of research, the crux of which is the forecast that global interest rates will remain low for at least the next five years. I’ve heard of long-range weather forecasts (which are notoriously unreliable, global warming excepted) but the idea of a five-year forecast is entirely new to me.
SOME FRIENDS OF mine from Singapore recently attended the Formula One in Kuala Lumpur. Not being much of a petrol head myself, I have only experienced that noise-fest on one occasion - at the Singapore F1 eight years ago when the city state’s night race made its debut – as the guest of an investment bank.