Client notes
Evidence from desks that commissioned yield curve work — specific sessions, constraints, and outcomes.
Testimonials
They mapped our Thai government curve against the auction calendar before we rolled a large note position. The call took forty minutes; the prep was obvious.
— Mira S., treasury lead, Bangkok
Useful on steepener scenarios. I still prefer our internal models for pricing, but their narrative on front-end liquidity saved us from chasing a crowded trade.
— Anand K., fixed-income portfolio manager
The Duration Stress Review forced our committee to write down twist assumptions instead of debating them loosely. The session ran long; worth it for the clarity, though the first draft of their memo needed one correction on our benchmark label.
— Priya L., risk and ALM coordinator
Auction Week Reads are short and a bit dry — which is what we want before a sale. We now book them whenever the five-year reopening looks heavy.
— Desk note, regional insurer (permission to paraphrase)
Engagement story: Rolling the seven-year
A Bangkok treasury desk approached us two weeks before a large seven-year government note rolled off. Their question was whether the curve’s mid-section had already priced the expected auction size, or whether they should wait through the sale. We ran a Yield Curve Advisory focused only on the five-to-ten-year sector, compared recent tails, and delivered a memo the next morning. They chose to stagger the roll across the auction week rather than complete it the day before. We did not execute the trades; their broker did. The client later said the value was the shared language with their investment committee, not a price target.
Engagement story: Policy week twist
An ASEAN-focused bond fund asked for a Duration Stress Review ahead of a closely watched Bank of Thailand communication window. Their book carried a mild long-end overweight. We built parallel and twist sheets using the tenors they supplied under an NDA. The mild reservation from their side: they wished we had included one more foreign reference curve in the first draft. We added it in the follow-up note. The fund held the overweight through the week and used the twist sheet in their internal risk log.