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
Add BT as a preferred source
IN JUST one month, benchmark 10-year US Treasury yields have fallen sharply from about 5 per cent to less than 4.5 per cent, as at Nov 17.
This decline was precipitated by several events, including a slightly dovish statement by the Federal Reserve, which nevertheless held rates as expected, as well as a milder-than-expected consumer price index (CPI) print.
Short-term Treasury yields have also moderated slightly over the past month, though the extent of moderation has been much smaller than that of longer-end yields. Singapore fixed-deposit (FD) rates have generally held above 3 per cent, while the overnight Sora (Singapore Overnight Rate Average) also remains above 3.8 per cent.
TRENDING NOW
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Not in education, employment or training: Why more Hong Kong youths are opting out of work
