Weekly recap: T-bill yield jumps and SSB demand rises
By Beansprout  •  September 30, 2023
There’s lots of good news for savers in the past week with higher interest rates.  Firstly, we saw the yield on the 6-month Singapore T-bill jump to 4.07%, significantly above the previous cut-off yield of 3.73%. Next, there were also more applications for the latest Singapore Savings Bonds as the 10-year average return rose to the highest level this year.  However, the higher bond yields have meant further weakness in the share price of REITs, with many hitting a multi-year low. We analyse if the sell-off presents a buying opportunity for Mapletree Pan Asia Commercial Trust and OUE Commercial REIT. Lastly, for users impacted by TD Ameritrade’s announcement that it will stop serving retail investors in Singapore, we look at what are some of the alternatives available.  Source: Bloomberg. Price as of market close on 29 Sep  


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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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