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yield spread
Markets
Deciding between banks and REITs
REITs are still impacted by higher interest rates this year while banks have ramped up their dividends
May 29, 2024
REIT Watch
Irrational signals from yield spread as REITs stay under pressure
Yield spreads between FTSE REIT Index and local risk-free rates are below their mean as investors await a reversion to the mean
November 02, 2023
Right Timing
Risk-free rates dictate how low S-REITs go
As risk-free rates, S-REIT prices continue to come under pressure. They will rebound when risk-free rates stop rising
October 20, 2022
Tong's Portfolio
Be cautious: Capital markets will stay lower for longer
In the long run, we still expect technological advancements and innovations to be strong deflationary forces.
July 07, 2022
REITs
The impact of risk-free rates on trading yields
REITs' P/NAV could be determined by their yield spreads as REIT unit prices are based on risk-free rates
June 08, 2022
REITs
Kokomo policy option hits REITs' unit prices
REITs' DPU yield expansion causes price compression as risk-free rates rise due to QT, ahead of Fed rate hike
January 28, 2022
REITs
Rising bond yields not usually positive for REITs, but some could gain from secular trends
Inflationary pressures have pushed up risk free rates which may impact REITs negatively, including raising cost of debt.
March 12, 2021