THIS WEEK IN MARKETS
One of the few things that’s back to normal is the downtown crowd with the F1 Singapore Grand Prix in full swing. The financial indicators we’re tracking are anything but normal, with a number of worrying developments. The US 10-year government bond yield briefly went above 4.0%, before falling back to close at about 3.83% at the end of the week.The yield on the UK government bond, or GILTS, were on course for their sharpest monthly rise since at least 1957 before the Bank of England stepped in to intervene.The Chinese onshore yuan fell close to 7.2 per US dollar, a level it hasn’t reached since 2008.Closer to home, it was also an eventful week with SATS’ share price plunging after it announced a rights issue with the acquisition of the world’s largest air cargo handling.
Not missing a beat, the Singapore government announced more measures
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