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HOCK LOCK SIEW

Dec rate hike: Muted impact for Reits as event already priced in

The bigger question is what will happen in 2017 amid uncertainty on the Trump policy front

IT seems like investors of real estate investment trusts (Reits) have already priced in a definite rate increase in December, two weeks ahead of the Federal Open Market Committee meeting from Dec 13 to 14.

Two phenomena suggest so.

First, the federal funds futures rate shows the