Jul 22, 2024

The latest news indicates that the 6-month T-Bills closed at a 3.64% yield, driven by weaker inflation numbers and recent comments from Jerome Powell. This has resulted in the market factoring in multiple interest rate cuts over the next year. The upcoming auction for the 1-year T-Bills on 25 July raises the question of whether the yields will remain at 3.6%. Given the anticipation of interest rate cuts, it may be a good time to consider yield plays, such as Netlink Trust, which currently offers a 6.4% dividend yield.

Additionally, the results for the Astrea 8 Bonds balloting have been released, with SGD Bonds allotting $9,000 per investor and USD Bonds allotting $4,000 per investor. Lastly, in the field of AI, a McKinsey report reveals that 65% of organizations are regularly utilizing Generative AI.

Stay Well!