It’s a “wow” number
By Beansprout  •  February 4, 2023
The Beansprout community was quick this week to spot that one of the banks in Singapore has cut its fixed deposit rate sharply to below 4%. This came at a time when the yields on the Singapore treasury bills are declining, with the cut-off yield on the latest T-bill auction falling to 3.88%. The US Federal Reserve further fuelled a fall in government bond yields when Chairman Powell said that the “disinflationary process has started”. But the exceptionally strong US employment numbers made investors start to doubt if inflation will truly come off sharply. With the interest rate direction remaining uncertain, we’ve done some work to look for the best fixed deposit rate in Singapore if you’re looking to lock them in now. Source: Bloomberg. Price as of market close on 3 Feb

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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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