Cyrus Ng

Markets quickly latched onto Fed chair Jerome Powell’s comments in October that a December rate cut was "not a foregone conclusion – far from it".
INVESTING GLOBALLY & PROFITABLY

Opportunities in medium-term bonds as US yield curve steepens

Medium-term yields may drift lower as the Fed cuts rates, but likely in smaller magnitudes relative to each cut

US Federal Reserve chair Jerome Powell has signalled a path to rate cuts, but the decision remains tough with signs of labour market softening on one hand, and stubborn inflationary pressures on the other.
INVESTING GLOBALLY & PROFITABLY

Preparing your bond portfolio for the Fed’s next moves

Medium-term government and corporate bonds offer modest yield pickups, and are good options for income-focused investors to lock in yields with a decent balance between yield and duration exposure

The US Federal Reserve has little reason to cut rates massively today, considering the labour market and inflation.
INVESTING GLOBALLY & PROFITABLY

Bond investing in 2025: Keep duration short and look for quality

Investors will likely enjoy attractive short-end rates for a while without incurring excessive duration risks, especially if the Fed stays hawkish

The US Federal Reserve struck a slightly more positive tone on the labour market in its November meeting. But it was cautious on inflation.
INVESTING GLOBALLY & PROFITABLY

Keep bond duration short; rates may remain higher for longer

With the US labour market as well as core inflation remaining resilient, the Fed may not cut interest rates as widely expected

Asean-5 economies are set to benefit from the recovering tourism sector and trends such as supply chain diversification.
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Amid tight valuations, stay active in Asian investment-grade bonds

THE Asian investment-grade (IG) bond segment delivered a 7.4 per cent return in 2023 (in local currency terms, based on Bloomberg indices), marking a rebound from 2022, when many bond markets were hit...

Government securities issued by Singapore and the US are suitable for individuals with lower risk tolerance.
INVESTING GLOBALLY & PROFITABLY

Choose wisely when it comes to the many options for your excess cash

Interest rates are likely to remain higher for longer, which makes it imperative for individuals to manage their cash wisely

PepsiCo is laying off hundreds of workers at its US headquarters. Such layoffs in the industry suggest a willingness to adopt harsh measures to remain cost-efficient.
INVESTING GLOBALLY AND PROFITABLY

Food for thought: Consumer staples to fortify your portfolio in recession

AMID last year’s drawdowns and volatility in the US equity market, the consumer staples sector stands out for its resilience. The S&P 500 Consumer Staples Index has fallen just 3 per cent (in US-dolla...

Currency exposures of investment portfolios could significantly contribute to or detract from portfolio returns.
INVESTING GLOBALLY & PROFITABLY

Turning more negative on the US dollar

The USD has been on a tear in 2022, but it is ripe for a correction, due to narrowing policy rate differentials and a reversal of safe-haven flows

Maya Bay beach in Thailand: Tourism is picking up and expected to boost Asean economies
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Asean equities: Reopening and recovery underpin a positive view

ASEAN equities struggled in 2021, with a return of minus 3 per cent. But they have so far remained relatively resilient in the first half of 2022 (minus 13 per cent year to date), especially compared ...