Stocks surge to record highs but T-bill yield falls: Weekly Recap
By Beansprout  •  July 6, 2024
The S&P 500 rose to an all-time high, while the Singapore T-bill yield declined. Stock investors have much to cheer in the past week. After all, the Singapore’s benchmark Straits Times Index (STI) reached a one-year high, while the S&P 500 reached another record high. Like many others, what caught my eye was DBS share price's blistering rally to an all-time high. DBS has gained close to 25% this year, exceeding the gains of the S&P 500 index. In fact, DBS is just one of 5 Singapore blue chip stocks that saw double-digit gains in the first half of the year. We find out if the strong performance of these blue chip stocks would continue into the second half of the year. For the savers out there, there is also some positive news as the best fixed deposit rate in Singapore has been raised in July. Likewise, some banks also raised the interest rates on their savings accounts...
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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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