With the US 10-year government bond yield reaching close to the highest level since 2007, we analyse what it means for T-bills, stocks and REITs. What happened? We have been getting questions from the Beansprout community on why the yield on the Singapore 6-month T-bill has declined despite higher bond yields globally. This week, we saw headlines on Bloomberg that global yields have reached 15-year highs. Source: Bloomberg screenshot The US 10-year bond yield went to 4.3%, reaching close to highest levels since 2007. However, we saw a further decline in the Singapore 6-month T-bill cut-off yield to 3.73% in the auction on 17 August. Let us try to understand what is causing the divergence in the Singapore 6-month T-bill yield and the US 10-year government bond yield, as well as find out what are the implications for us as savers and investors.

Here’s what you need to know about rising US government bond yields 

#1 – Fed officials have

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