Weekly SGX Wrap: The STI Hits New Heights (Yields, Banks & The Road Ahead)

UOB and OCBC smash records while the STI climbs, but the bond market is flashing a yellow light for REIT investors.

Happy Weekend, Inner Circle.

Iggy here. We are now 12,500 strong. Before we start the week, let’s zoom out. While the daily noise was loud, the weekly trend tells a different story. If you looked at your screen on Tuesday, you might have felt the jitters of rising bond yields. But if you looked at your portfolio on Friday afternoon, you likely saw green. The market is climbing a wall of worry, but the air gets thinner at these altitudes. Let’s break down exactly what happened and how to position for the final week of January.