Deal Or No Deal? Oil Falls On Hope | Insight with Haslinda Amin 5/25/2026

Watch on YouTube ↗  |  May 25, 2026 at 06:32  |  51:05  |  Bloomberg Markets
Speakers
Navin Saigal — Head of Asia Pacific Fixed Income, BlackRock
William Ma — CIO, GROW Investment Group
Jennifer Parker — Fellow, Australian National University (National Security College)

Summary

The video covers US-Iran deal negotiations that could reopen the Strait of Hormuz, leading to a drop in oil prices and a risk-on mood in Asian markets. BlackRock's Navin Saigal discusses fixed income opportunities in US Treasuries, Asian sovereign bonds, and a Japan curve trade. GROW Investment's William Ma comments on China's crackdown on cross-border trading and remains bullish on global AI and tech stocks.

  • US and Iran inch closer to an interim deal, potentially reopening the Strait of Hormuz.
  • Oil prices fall on deal optimism, boosting Asian equities.
  • BlackRock's Navin Saigal recommends buying intermediate US Treasuries for high income.
  • Saigal sees value in Asian sovereign bonds of India, Philippines, Indonesia, Australia, and Korea.
  • Saigal advocates a short JGB front end, long long-end trade for Japan.
  • China launches a crackdown on illegal cross-border stock trading, putting up to $32 billion of Hong Kong holdings at risk.
  • William Ma expects limited panic selling and adds to Global AI and tech exposure.
  • Indonesia finalizes a new centralized export agency for commodities like palm oil and nickel.
Trade Ideas
Navin Saigal Head of Asia Pacific Fixed Income, BlackRock 29:17
Buy intermediate US Treasuries for yield.
The market has priced in many hikes, creating a unique opportunity to buy into elevated yields in the 3-5 year part of the US Treasury curve, earning 6-7% income with low volatility and about 3% above inflation, while waiting for resolution of uncertainties.
US Treasury bonds (3-5 year) HIGH
Navin Saigal Head of Asia Pacific Fixed Income, BlackRock 34:01
Accumulate Asian sovereign bonds on dip.
Asian sovereign bonds (India, Philippines, Indonesia, Australia, Korea) have been hit hard by the oil shock and the market is pricing excessive rate hikes into their yield curves, creating valuation support. Accumulating these bonds offers good entry even without certainty on the Middle East crisis, and if certainty comes, it's a tailwind.
India sovereign bonds Philippines Sovereign Bonds Indonesia sovereign bonds Australia sovereign bonds Korea sovereign bonds HIGH
Navin Saigal Head of Asia Pacific Fixed Income, BlackRock 35:22
Short JGB front, long long-end.
The BOJ is likely to hike, which makes the front end attractive to short, while the extreme long end offers better risk-reward to buy, given the steep yield curve and Japan's unique position.
Japan government bonds (long-term) HIGH
Navin Saigal Head of Asia Pacific Fixed Income, BlackRock 35:22
Short JGB front, long long-end.
The BOJ is likely to hike, which makes the front end attractive to short, while the extreme long end offers better risk-reward to buy, given the steep yield curve and Japan's unique position.
Japan government bonds (short-term front end) HIGH
William Ma CIO, GROW Investment Group 46:53
Add to AI/tech exposure.
Despite the China crackdown, the AI and tech theme remains the most promising. We are adding to exposure in global AI and tech companies, as the short-term correction in the dragon index is not concerning and buyers are diversified across global pension funds.
Global AI and tech stocks MED
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This Bloomberg Markets video, published May 25, 2026, features Navin Saigal, William Ma discussing US Treasury bonds (3-5 year), India sovereign bonds, Philippines Sovereign Bonds, Indonesia sovereign bonds, Australia sovereign bonds, Korea sovereign bonds, Japan government bonds (long-term), Japan government bonds (short-term front end), Global AI and tech stocks. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Navin Saigal, William Ma  · Tickers: US Treasury bonds (3-5 year), India sovereign bonds, Philippines Sovereign Bonds, Indonesia sovereign bonds, Australia sovereign bonds, Korea sovereign bonds, Japan government bonds (long-term), Japan government bonds (short-term front end), Global AI and tech stocks