FSA FI Daily Commentary

FSA Fixed Income Daily Commentary 29 July 2026

Interest Rates Last Previous Chg Last Previous Chg UST 2 Year Germany 10 Year UST 10 Year Australia 10 Year UST 30 Year China 10 Year UK 10 Year Shanghai 3 Month JGB 10 Year Shanghai 7 Day Repo

Total Return Total Return Total Return Index Total Return YTD 1D 1W 3M Total Return 1Y EM Sovereign Bond 1.39% 0.06% 0.24% 0.50% 3.19% EUR IG 0.61% 0.06% 0.29% 0.72% 1.25% EUR HY 1.61% -0.02% -0.15% 1.30% 2.89% Global Corporate -0.75% 0.20% 0.12% -0.94% 2.16% IG EM Corp Plus -0.28% 0.11% 0.00% -0.51% 3.30% US Corp -0.10% 0.22% 0.16% -0.50% 3.52% EM Ext Debt 0.38% 0.12% -0.08% -0.06% 6.18% Global HY 1.31% 0.06% -0.28% 0.09% 4.49% US High Yield 1.57% 0.05% -0.28% 0.36% 4.88% HY EM Corp Plus 3.69% 0.05% -0.12% 0.98% 7.73% Asian USD InvestGrade -0.08% 0.12% 0.08% -0.51% 3.30% Asian USD HY Corp 3.35% 0.05% -0.02% 0.84% 5.76% USD CoCo liq DevMkt AT1 2.05% 0.26% -0.23% 0.51% 6.51% Dow Jones 10.72% 0.51% 1.01% 6.61% 18.21% S&P 500 9.21% 0.02% -1.06% 3.63% 17.40% NASDAQ 7.38% -0.18% -3.71% 0.33% 18.84% WTI Oil Price 44.55% 3.97% -5.09% 17.04% 26.84% Spot Gold -7.04% -0.36% -2.78% -0.02% 20.70% Spot Silver -20.28% -0.04% -4.38% -1.93% 49.53% Platinum -22.35% -0.47% -2.66% 1.08% 14.88% Palladium -22.14% -0.15% -2.63% 2.89% 0.65% Copper 8.53% -0.33% -2.39% 2.84% 9.70% ICE Sugar -3.13% -0.21% -2.22% 0.28% -13.29% Source: Bloomberg

FSA Fixed Income Daily Commentary 29 July 2026

NEW RECOMMEN- OLD RECOMMEN- COMPANY TICKER RATING DATION DATION HK Land HKLSP A2/A MP MP Shriram SHFLIN BBB-/BBB- MP MP Canara Bank CBKIN Baa3/BBB- MP MP Singapore Airlines SIASP unrated MP MP SK Hynix HYUELE Baa1 / BBB+ MP MP Rio Tinto RIOLN A1 / A MP MP Barclays BACR SNP Baa1/BBB+ MP MP Kering KERFP BBB+ MP MP Seagate STX Ba3/BB+ OP OP Mondelez MDLZ Baa1/BBB UP UP Banco Bradesco BRADES Ba1/BB MP MP Ford Motor F / BBB- MP MP Visa V Aa3 / AA- MP MP United Parcel Service Inc. UPS /A MP MP Unilever UNANA A1 / MP MP Mercedes Benz MBGGR /A MP MP GlaxoSmithKline GSK A2 / A / - MP MP Coca Cola KO A1 / A+ / - MP MP Air Liquide AIFP A2 / A / - MP MP

Top Picks added over the last 4 weeks

Issuer COUPON Call Date Maturity M/ S&P Offer YTM YTC ISIN CCY MASHREQBAN XS /07/2031 PERP NA / NA / NA USD K PSC 293504 Source: Bloomberg

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