US stocks and Singapore banks hit record highs after US Election, while the T-bill yield bounced. Donald Trump looks set to return to the White House next year. Whether or not this comes as a surprise, stock investors seem optimistic about what it might mean for the market. Exuberance is in the air, with the S&P 500 and Singapore bank shares hitting record highs. I mentioned to a friend that this is the first time I recall seeing UOB's shares jump by 10% in a single day. In addition to strong earnings, DBS announced a $3 billion share buyback programme, while UOB suggested potential dividend hikes or buybacks. On the flip side, Singapore REITs took a hit amid concerns over high bond yields. We dive into the factors contributing to REITs' recent weakness. Amid this upbeat market sentiment, you might have missed the cut-off yield of 3.04% in the latest 6-month T-bill auction. Although slightly up from the previous auction, it has declined  ...