Bond yields decline, Tesla disappoints and China growth speeds up The cut-off yield on the 1-year Singapore T-bill fell to 3.58% in the latest auction this week, disappointing investors who were expecting to earn a higher return. Likewise, we observed a fall in fixed deposit interest rates, with the best fixed deposit interest rate now at 3.90%. If you’re looking to lock-in interest rates, do check out our guide to the best fixed deposit accounts.  Singapore REITs also go into full swing in reporting their first quarter operational updates, and we’re looking out for any changes in their key operational statistics. Source: Bloomberg. Price as of market close on 21 April 2023.

🚄 Full speed ahead

What happened? 

China’s economy started the year on a solid footing, growing at 4.5% in the first quarter from a year ago. The growth numbers handily beat market expectations for the economy to expand by just 4.0%.

What does this mean?

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