6 MTHS SITB AUCTION TODAY
Tenor: 6-month
Issuer: Republic of Singapore
ISIN: SGXZ11188257
Code: BS26107X
Amount: S$8.4 billion
Auction Date: April 9, 2026
Settlement: April 14, 2026
Maturity: October 13, 2026
Cut off yield 1.47%pa
Average yield 1.35%pa
Bid to cover ratio 1.74
Competitive Applications at Cut-off Allotted 22%
Tenor: 6-month
Issuer: Republic of Singapore
ISIN: SGXZ11188257
Code: BS26107X
Amount: S$8.4 billion
Auction Date: April 9, 2026
Settlement: April 14, 2026
Maturity: October 13, 2026
Cut off yield 1.47%pa
Average yield 1.35%pa
Bid to cover ratio 1.74
Competitive Applications at Cut-off Allotted 22%
6 MTHS SITB AUCTION TODAY
Tenor: 6-month
Issuer: Republic of Singapore
ISIN: SGXZ94600384
Code: BS26108W
Amount: S$8.4 billion
Auction Date: April 23, 2026
Settlement: April 28, 2026
Maturity: October 27, 2026
Cut off yield: 1.40%
Avg yield: 1.30%
Tenor: 6-month
Issuer: Republic of Singapore
ISIN: SGXZ94600384
Code: BS26108W
Amount: S$8.4 billion
Auction Date: April 23, 2026
Settlement: April 28, 2026
Maturity: October 27, 2026
Cut off yield: 1.40%
Avg yield: 1.30%
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Small "Lucky Vicky" moment today. Daughter showed it to me. 😄🍀
Small story, strong mind. Like hunting in market.
Hope it speaks to you.
https://www.instagram.com/p/DX1kmjqGN0a/?igsh=MTZhdTE3eXIyZHh4OQ==
Small story, strong mind. Like hunting in market.
Hope it speaks to you.
https://www.instagram.com/p/DX1kmjqGN0a/?igsh=MTZhdTE3eXIyZHh4OQ==
The worst of the Middle East war may be behind us 🌍, and markets are back near all-time highs 📈.
But this is exactly where investing becomes tricky 🤔.
Is this a true recovery, or just a relief rally? 🎢
Did fundamentals really improve, or did options-expiry flows and short-covering amplify the rebound? 📉📈
And should investors chase the market now, or review their portfolio more carefully? 🧐
I wrote my latest article to share how I am thinking about the current market, retail investor behaviour, and what this new environment means for portfolio positioning 📝.
🔗 Read the full article here
If you find it useful, feel free to share it with your family and friends 👨👩👧👦.
But this is exactly where investing becomes tricky 🤔.
Is this a true recovery, or just a relief rally? 🎢
Did fundamentals really improve, or did options-expiry flows and short-covering amplify the rebound? 📉📈
And should investors chase the market now, or review their portfolio more carefully? 🧐
I wrote my latest article to share how I am thinking about the current market, retail investor behaviour, and what this new environment means for portfolio positioning 📝.
🔗 Read the full article here
If you find it useful, feel free to share it with your family and friends 👨👩👧👦.
SGMoneyMatters
The Worst of the Middle East War Is Probably Behind Us. Markets Are at All-Time Highs. Now What? - SGMoneyMatters
The Middle East war may be easing and markets are back near all-time highs, but investors should not blindly chase the rally. Here is how to review, rebalance and position your portfolio for the next phase.
📊📈 *07 May 2026*
*Breakfast Bytes*
*European Stocks Rise Sharply*
1️⃣ A prospective Middle East agreement led to lower energy prices, prompting rate traders to reduce expected ECB rate hike forecasts.
2️⃣ European industrial giants, including Airbus, Schneider, Siemens, and Safran, saw significant gains due to lower expected power prices.
3️⃣ Lower sovereign yields also supported performance of credit-sensitive banks and luxury companies.
*Asian Indices Jump to Highs*
1️⃣ Several Asian equity markets saw strong gains, driven by eased Middle East tensions and an AI-led technology rally.
2️⃣ South Korea's KOSPI exceeded the 7,000 mark for the first time, fueled by strong gains in AI-related stocks.
3️⃣ Samsung Electronics' shares surged over 14%, surpassing $1 trillion in market capitalization, joining TSMC as only the second Asian technology company in this bracket.
🔑 Key Levels:
*Breakfast Bytes*
*European Stocks Rise Sharply*
1️⃣ A prospective Middle East agreement led to lower energy prices, prompting rate traders to reduce expected ECB rate hike forecasts.
2️⃣ European industrial giants, including Airbus, Schneider, Siemens, and Safran, saw significant gains due to lower expected power prices.
3️⃣ Lower sovereign yields also supported performance of credit-sensitive banks and luxury companies.
*Asian Indices Jump to Highs*
1️⃣ Several Asian equity markets saw strong gains, driven by eased Middle East tensions and an AI-led technology rally.
2️⃣ South Korea's KOSPI exceeded the 7,000 mark for the first time, fueled by strong gains in AI-related stocks.
3️⃣ Samsung Electronics' shares surged over 14%, surpassing $1 trillion in market capitalization, joining TSMC as only the second Asian technology company in this bracket.
🔑 Key Levels:
• SPX ⬆️1.46% 7365
• SHA ⬆️1.17% 4160
• STI ⬆️0.14% 4927
• OIL ⬇️7.42% 102
• GLD ⬆️3.03% 431`❤2
The bond market is speaking.
Investors should listen.
The US 30-year Treasury yield is back near the 5% level again. 📈
This may sound like a boring bond market headline, but it matters.
Higher long-term yields mean higher borrowing costs for mortgages, business loans, corporate debt, and even government financing.
For investors, it also changes how markets value stocks, especially high-growth companies.
Ivan's View:
So instead of blindly chasing market momentum, stay selective, watch valuations, and make sure portfolios are properly balanced between growth, income, and risk control.
Investors should listen.
The US 30-year Treasury yield is back near the 5% level again. 📈
This may sound like a boring bond market headline, but it matters.
Higher long-term yields mean higher borrowing costs for mortgages, business loans, corporate debt, and even government financing.
For investors, it also changes how markets value stocks, especially high-growth companies.
Ivan's View:
So instead of blindly chasing market momentum, stay selective, watch valuations, and make sure portfolios are properly balanced between growth, income, and risk control.
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You all spend years building your investment portfolio, but one important question is often left unanswered:
What happens to your wealth and investments when you are no longer around to manage them?
A good portfolio should not only be built for growth, but also structured for continuity and legacy.
My company, Infinity FA and iFAST Global Trust will be conducting an exclusive seminar on how trust planning can be used together with professional investment management to support long-term wealth continuity for your loved ones.
If you are interested in learning how the high net worth individuals use trust as a tool to management their wealth, this seminar is for you.
📅 Date: 14 May, Thursday
⏰ Time: 7.30pm – 9.00pm
📍 Format: Hybrid
You may attend either in person at Infinity FA office (Singpost Center) or online via Zoom. In-person seats are limited to 40 only.
PM me if you would like to attend, and I will help you reserve a seat or send you the Zoom registration details.
What happens to your wealth and investments when you are no longer around to manage them?
A good portfolio should not only be built for growth, but also structured for continuity and legacy.
My company, Infinity FA and iFAST Global Trust will be conducting an exclusive seminar on how trust planning can be used together with professional investment management to support long-term wealth continuity for your loved ones.
If you are interested in learning how the high net worth individuals use trust as a tool to management their wealth, this seminar is for you.
📅 Date: 14 May, Thursday
⏰ Time: 7.30pm – 9.00pm
📍 Format: Hybrid
You may attend either in person at Infinity FA office (Singpost Center) or online via Zoom. In-person seats are limited to 40 only.
PM me if you would like to attend, and I will help you reserve a seat or send you the Zoom registration details.
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The government just killed the EC flip strategy.
10-year MOP. No more DPS. 90% first-timer quota.
What does this mean for you? I just published a full breakdown — what changed, who really gets hurt, and what you should do depending on your situation.
👉 Check out my latest blog article: The Government Just Killed the EC "Flip" Strategy. Here Is What Every Singaporean Should Do Now.
10-year MOP. No more DPS. 90% first-timer quota.
What does this mean for you? I just published a full breakdown — what changed, who really gets hurt, and what you should do depending on your situation.
👉 Check out my latest blog article: The Government Just Killed the EC "Flip" Strategy. Here Is What Every Singaporean Should Do Now.
SGMoneyMatters
The Government Just Killed the EC “Flip” Strategy. Here Is What You Should Know - SGMoneyMatters
The EC flip strategy is over. Here is what the new MOP, DPS removal and quota changes mean for HDB upgraders, first-timers and retirement planners.
In a Straits Times article today, it described that both Trump and Xi see themselves as leaders "chosen by fate" to restore national greatness — Xi through the "Great Rejuvenation of the Chinese Nation", and Trump through "Make America Great Again." 🇺🇸🇨🇳
I totally agree with this and that is why I believe the US-China rivalry is much deeper than tariffs or trade anymore. It is now about:
* national identity 🏳️,
* historical destiny 🏛️,
* and who gets to shape the next world order 🌍.
And that is also why I think many investors still underestimate how structural and long-term this competition will be. 📊
Even if markets rally 📈 and leaders appear friendly publicly, the underlying competition in technology 💻, supply chains 🚢, military influence ⚔️, and global capital flows 💸 is unlikely to disappear anytime soon.
In many ways, this may become one of the defining macro themes of our generation. 🌐
I totally agree with this and that is why I believe the US-China rivalry is much deeper than tariffs or trade anymore. It is now about:
* national identity 🏳️,
* historical destiny 🏛️,
* and who gets to shape the next world order 🌍.
And that is also why I think many investors still underestimate how structural and long-term this competition will be. 📊
Even if markets rally 📈 and leaders appear friendly publicly, the underlying competition in technology 💻, supply chains 🚢, military influence ⚔️, and global capital flows 💸 is unlikely to disappear anytime soon.
In many ways, this may become one of the defining macro themes of our generation. 🌐
📢 Big shift in Singapore's financial landscape.
MAS is removing mandatory financial advice for complex products.
Many in the financial adviser industry see this as a threat. I see it as a positive reset. 🔄
For too long, "advice" has sometimes meant:
→ A required meeting before a transaction
→ A box to tick
→ A step in a process
That's not advice. That's administration.
Real advice looks different:
✅ The conversation that stops you from panic-selling when markets drop 20%
✅ The plan reviewed before a major life event — not after
✅ The adviser who calls before you even know you need to be called
None of that was ever created by a regulation. It's built through trust, consistency, and genuine care.
When you choose advice — rather than being pushed into it — that's when it actually means something. That's when outcomes improve.
As a fee-based adviser, I welcome this change.
Because it means advice is no longer tied to a transaction. It's recognised for what it should always have been — the planning that keeps you on track, the handholding through market volatility, the clarity during life's biggest decisions, and the peace of mind that comes from knowing someone is genuinely looking out for your financial future.
The financial advice was never about the paperwork, it is the value that I provided for my clients. 💪
https://www.businesstimes.com.sg/singapore/mas-remove-mandatory-financial-advice-complex-products-most-retail-investors
MAS is removing mandatory financial advice for complex products.
Many in the financial adviser industry see this as a threat. I see it as a positive reset. 🔄
For too long, "advice" has sometimes meant:
→ A required meeting before a transaction
→ A box to tick
→ A step in a process
That's not advice. That's administration.
Real advice looks different:
✅ The conversation that stops you from panic-selling when markets drop 20%
✅ The plan reviewed before a major life event — not after
✅ The adviser who calls before you even know you need to be called
None of that was ever created by a regulation. It's built through trust, consistency, and genuine care.
When you choose advice — rather than being pushed into it — that's when it actually means something. That's when outcomes improve.
As a fee-based adviser, I welcome this change.
Because it means advice is no longer tied to a transaction. It's recognised for what it should always have been — the planning that keeps you on track, the handholding through market volatility, the clarity during life's biggest decisions, and the peace of mind that comes from knowing someone is genuinely looking out for your financial future.
The financial advice was never about the paperwork, it is the value that I provided for my clients. 💪
https://www.businesstimes.com.sg/singapore/mas-remove-mandatory-financial-advice-complex-products-most-retail-investors
The Business Times
MAS to remove mandatory financial advice for complex products for most retail investors
Regulation still applies to some who need additional protection, such as those aged 62 or older who lack proficiency in English Read more at The Business Times.
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🚀 SpaceX IPO: The Next Big Market Test
SpaceX may become one of the biggest IPOs the market has ever seen.
But the bigger story may not be the IPO itself.
It is the index rule changes. Nasdaq has introduced a “fast entry” rule that may allow very large newly listed companies to enter the Nasdaq-100 after just 15 trading days.
FTSE Russell has also updated its rules to allow large IPOs to enter major indexes faster.
Why does this matter?
Because once SpaceX enters major indexes, ETFs and index funds may need to buy it automatically.
So this is not just about rockets, Starlink, or Elon Musk. It is about whether the market can absorb a mega IPO — and what happens when passive money, index rules, and big valuations come together.
📌 SpaceX could become the next big test of market liquidity and investor appetite.
SpaceX may become one of the biggest IPOs the market has ever seen.
But the bigger story may not be the IPO itself.
It is the index rule changes. Nasdaq has introduced a “fast entry” rule that may allow very large newly listed companies to enter the Nasdaq-100 after just 15 trading days.
FTSE Russell has also updated its rules to allow large IPOs to enter major indexes faster.
Why does this matter?
Because once SpaceX enters major indexes, ETFs and index funds may need to buy it automatically.
So this is not just about rockets, Starlink, or Elon Musk. It is about whether the market can absorb a mega IPO — and what happens when passive money, index rules, and big valuations come together.
📌 SpaceX could become the next big test of market liquidity and investor appetite.
A very insightful video about the impact of SpaceX IPO. Worth watching.
https://vt.tiktok.com/ZSxohyyou/
https://vt.tiktok.com/ZSxohyyou/
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Many people know the basics to retire well: save early, don't spend more than you earn and invest consistently.
But yet many are waiting for the perfect moment — when the market is just right, when they have "enough", or when life finally settles down.
What separates those who retire well from those who don't isn't knowledge or willingness. It's getting started.
Be Rare. ✅
But yet many are waiting for the perfect moment — when the market is just right, when they have "enough", or when life finally settles down.
What separates those who retire well from those who don't isn't knowledge or willingness. It's getting started.
Be Rare. ✅
Interesting Development. Market may react on this.
https://www.straitstimes.com/business/companies-markets/spacex-other-mega-ipos-denied-fast-index-entry-by-sp
https://www.straitstimes.com/business/companies-markets/spacex-other-mega-ipos-denied-fast-index-entry-by-sp
The Straits Times
SpaceX, other mega IPOs denied fast index entry by S&P
S&P Dow Jones Indices will maintain its existing eligibility rules for main benchmarks, rejecting faster entry for mega-cap companies like SpaceX. Read more at straitstimes.com. Read more at straitstimes.com.