US Treasuries

Bonds and treasuries

Yields on new China dollar bonds fall below Treasuries in debut

The nation raised US$2 billion ($2.68 billion) in a sale of three- and five-year notes. The securities were priced to yield just one and three basis points over similar-maturity Treasuries.

US Economy

The US Treasury’s backdoor stimulus is hampering the Fed

The US Federal Reserve (Fed) has moved mountains to control inflation, which fell below 3% for the first time since 2021 in July.

Markets

Fidelity manager dumps nearly all treasuries on growth optimism

Sg-based George Efstathopoulos is now turning to assets that typically do well in times of good economic growth to boost returns.
Tiger Brokers introduces over 360 US Treasuries to trading platform in response to demand for low-risk investments - THE EDGE SINGAPORE

Fintech

Tiger Brokers introduces over 360 US Treasuries to trading platform in response to demand for low-risk investments

The demand has continued as part of a wider “flight to safety” amid elevated inflation and macroeconomic uncertainties.

Tong's Portfolio

Punch bowl taken away, the party is ending

For the longest time, investors remained convinced that the US Federal Reserve would cut interest rates sooner rather than later.

Bonds and treasuries

UOB ‘less enthusiastic’ on upcoming two-year SGS outperformance vs US Treasuries or Sora OIS

The two-year SGS, which matures on June 1, 2025, will be reopened on Feb 24 to the tune of $3.2 billion.

Right Timing

Uptrend of interest rates remains but treasury yields may have less upside

After the Fed raised FFR by 75 bps on July 27, the forecast is for slower hikes this year, for FFR to hit 4% by 1Q2023

Broker's Calls

UOBKH sees possible US recession due to inverted yield curve, but still overweight S-REITs

Could the inversion of the yield curve signal a recession? UOB thinks so, but is still positive on the S-REIT sector.
Temasek prices US$2.75 bil Temasek Bonds - THE EDGE SINGAPORE

Bonds and treasuries

Temasek prices US$2.75 bil Temasek Bonds

The offering is scheduled to close on October 6, and the bonds are expected to be listed on the SGX-ST on October 7.

Funds

Multi-asset allocation views: Embedding diversification in portfolios

Market pricing now implies a high degree of confidence that recession-like conditions will result across most major economies, but uncertainty remains over their depth and duration.
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