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
