Looking for returns

Comment

It doesn’t look as if interest rates are going to rise any time soon. As the US economy balances ponderously between a double-dip slowdown and a sluggish recovery, the consensus view is that rates throughout most of the region will remain near record lows in the immediate future.

So, what does this mean for Asia’s derivatives desks? In short, variation on a theme. And the theme for the past year has most definitely been yield enhancement. We’ve seen hybrid products incorporating credit