- Tesla’s (TSLA)CEO Elon Musk said that a new Chief Executive Officer for Twitter is set to start in about six weeks. Separately, Tesla will recall 1.1 million cars, or close to every vehicle its has sold in China, due to a braking and acceleration defect.
- Most ofSea Limited (SE) employees will get a 5%
T-bill yield declines, OCBC results and new Twitter CEO
There’s some good news on the inflation front, as the US Consumer Price Index (CPI) continued to moderate.
This could offer more room for the Fed to pause its interest rate hikes soon.
With growing expectations that the Fed rate hike cycle might be over, government bond yields have been falling.
Closer to home, the cut-off yield on the latest Singapore 6-month T-bill auction fell to 3.78% p.a. Find out what else is causing the fall in bond yields.
Source: Bloomberg. Price as of market close on 12 May
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