It is not everyday that my Dividend Stock Tracker, tracking popular Singapore High Yielding Stocks showed severe negative prices.

And that includes my experience in 2007-2008.

There would always be some stocks that are positive or no change. This is unprecedented.

While we do not know the main reason, Japan 10 year bond yields edge above 1%. That psychological point could mean that higher borrowing costs are coming in the near future.

As a result the carry trade (which I thought was pretty dead) hit a snag.

Here are some charts of drastic price drawdowns:

Aims Amp Industrial Capital

While volume is not as high as the rest, it is still startling to see a 1 day 5% drop in a long time. My recent hypothesis is that this rally have all been a case of yield compression.

Hot money search for higher yields at higher risk assets.

This ...