In case you missed it, Jerome Powell announced the end to the rate hike cycle at this week’s FOMC. No more rate hikes in 2023. In fact – the market is now pricing in 3 rate cuts by end of 2023. All while T-Bills yields plunged to 3.65%. And almost every bank is revising their fixed deposit interest rates down (after the promotion periods). This raises an interesting question: Did the April 2023 Singapore Savings Bonds suddenly become a very attractive buy? You can lock in 3.15% returns risk free for the next 10 years. And also have the option of getting your money back (with accrued interest) any time within the 10 years. Worst case if interest rates stay high, you can always redeem the Singapore Savings Bonds. Best case if the market is right and interest rates are going to be cut aggressively – you can hold up to 10 years. A good way to hedge?...