There’s one factor that’s clear from this week’s Treasury Invoice (T-bill) auctions – rates of interest are coming down.
The 1-year T-bill auction ended with a cut-off yield of 3.87% p.a., below the best fixed deposit rates in the market.
The cut-off yield on the 10-year SGS bond public sale was at 2.86% p.a., beneath the 10-year common yield on the most recent Singapore Financial savings Bonds (SSBs)
Apparently, there have been much less functions for the SSBs than the issuance measurement of $700 million. This marked a pointy reversal from just a few months in the past, when many have been involved about not getting enough allocation.
However, REITs had an enormous bounce with the bond yields beginning to come down. On this week characteristic, we analyse whether it might be time to re-look at REITs once again.
Supply: Bloomberg. Value as of market shut on 27 Jan
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