Global stocks bounced sharply this week, after investors gained confidence from the latest Fed meeting that it might be done with rate hikes. On the flip side, US government bond yields fell after the latest Fed interest rate decision. The good news is that banks have continued to raise their fixed deposit rates in the meantime, with the best 3-month fixed deposit rate now at 3.58% per annum. For investors interested in locking in the current high interest rates for a longer term, we find out if the latest SSB which offers a 10-year average return of 3.4% is worth buying compared to T-bills. Source: Bloomberg. Price as of market close on 3 Nov
