Bear Attack: Another bad day for yield chasing investors, as reits fell 2-5% due to the fear of interest rates going up. The latest IPO Asian pay TV trust closed underwater at 92 cent, its IPO price was 97 cents. View: Singaporean investors were getting about 1% by putting their money in fixed deposits, at such low rates its really hard to keep up with inflation. Investors got greedy and took the risk to be paid like 5% yield by holding reits and telcos instead, there's a significant level of risk purchasing reits as they are highly geared. The next big question is what happens when interest rates really raise to levels like 2-5%? Obviously investors would really like to move their money back to safe assets such as fixed deposits and government bonds, why take risk  it on a 5% reit when one can get the same or ......