T-bill yield dives to 2.5% as demand bounces
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What happened? The days of being able to enjoy a high yield for Singapore
T-bills appear to be over. The cut off yield for the 6-month Singapore
T-bill ...
11 hours ago
Uncle8888,
ReplyDeleteNot just F&B. To sound a bit callous --- at least majority of workers in restaurants & cafes etc are non-citizens.
More worrying are the large numbers of companies / industries that hire more Sinkies .... but are classified as non "critical" or non "strategic" in this semi-lockdown.
Triple whammy of demand destruction, supply disruption, and whether possible for the company to WFH or not.
Thousands of companies will be appealing to gahmen these few days to be classified as "critical". Good luck to them. E.g. construction of condos & shopping malls. LOL!
Gahmen will be rolling out even more welfare for companies over next 3-5 days, hopefully to prevent mass retrenchments ... or at least to "flatten the curve" of retrenchments & not have big bang like in US.
Halimah will be very busy listening to the council of presidential advisors. Hohoho!
Market will tank on Monday. Time to short!
ReplyDelete