Your T-bill looks weak next to US yields — but that gap is not what’s hurting you. Singapore protects your spending power through a stronger dollar, not higher rates. The real risk sits quietly inside REITs borrowing in USD, where rising global rates can squeeze your income. This episode breaks down what’s truly safe, and where the cracks are forming.
Key takeaways:
CPF Special Account at 4% quietly outperforms low T-bill yields
Low T-bill rates trade yield for stronger purchasing power
REITs with USD debt face rising refinancing pressure
Headline yield gaps hide currency mechanics that matter more
