Top-10 macro trade ideas for 2023
- Rates: Steepners in UST and CNY IRS; long 10Y KTB
- FX: Short SGD, long IDR, relative value between INR and THB
- Credit: We like Korean financials and Hong Kong developers
- Equities: Key theme for regional stocks—China re-opening
• Idea #1: UST rates curve to steepen this year
• Idea #2: CNY 1Y-5Y IRS steepener
• Idea #3: Long 10Y KTB, Unhedged
• Idea #4: USD/SGD rebounds from the floor of its multi-year range between 1.31 and 1.45
• Idea #5: USD/IDR falls on peaking Fed hikes
• Idea #6: Sell THB, buy INR on relative value
• Idea #7: Long Korean Financials senior USD credit
• Idea #8: Hong Kong developers’ USD credit offers attractive risk-reward
• Idea #9: Further upside for Hong Kong equities as macro and geopolitics headwinds ease
• Idea #10: Asean equities to benefit from China re-opening
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Completed Date: 18 Jan 2023 11:04:34 (SGT)
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