IN A REPORT dated June 13, Citi Research points out that the STI
is back to where it started in the beginning of the year after having lost some
10% in a month. Meanwhile, Singapore's 10-year government bond yields have
risen to five-year average of 2.1%. While talk of the US Federal Reserve tapering
its QE programme and a stronger US dollar are the main reasons for the rise in
yields here, Citi’s economists have also raised GDP growth for Singapore to
2.3% ...
...This is a post from The Edge June 14 edition. With worry on QE3 tapering, stock markets around the world has been volatile and been falling. Singapore stock market has also felt the impact with STI falling back to where it started in beginning of 2013. In this report, Citi Research points out a handful of stocks in various sectors to look for value in.
