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
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.
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