Nicely, what every week! Simply final week we have been speaking a couple of 0.50% hike on the subsequent FOMC, and a terminal rate of interest of 5.75%. One week later and after the failure of three US banks. And now the market is pricing in rate of interest cuts as early as June 2023. With MAS even having to return out to challenge an announcement to reassure traders that Singapore’s banking system stays “sound and resilient”. All whereas 6 month T-Bills yields plunged to 3.65%, making Mounted Deposit rates of interest overwhelmingly the higher purchase for money investments. So I figured it was time to replace the Mounted Deposit article. And to reply the three questions under: Is it protected to place greater than $75,000 in a Singapore / overseas financial institution? Particularly after the failure of Silicon Valley Financial institution? Will mounted deposit rates of interest go even larger…
