It actually appears like rate of interest cuts may be on the horizon. With inflation easing, Fed Chairman Jerome Powell talked about this week that “the time has come for coverage to regulate,” signaling {that a} shift may be nearer than we expect. Whereas there have been rising indications that rates of interest may very well be minimize quickly, what really stunned me was how rapidly fastened deposit charges have been falling. The finest six-month fastened deposit fee dropped to three.25% p.a. this week—a major decline. So, what does this imply for the upcoming T-bill public sale on 29 August, particularly after the yield plunged to three.34% within the earlier public sale? We’ll dive into the small print and see what may be in retailer. On a private notice, I’m locking in rates of interest with the newest Singapore Financial savings Bonds (SSB) issuance, which provides a 10-year common rate of interest of three.1%. With speak of “increased for longer” curiosity…
