Then, why not stock up more?

NEW YORK (Reuters) - Investors raised their longer-dated U.S. Treasuries holdings in the latest week after Federal Reserve Chairman Ben Bernanke sought to reduce worries about rising interest rates, according to a survey released on Tuesday.
J.P. Morgan Securities, which conducted the survey, said 23 percent of its Treasuries clients on Monday were "long" in their duration on U.S. government debt or owned more longer-dated Treasuries than their benchmarks, up from 21 percent last week.
By holding more longer-dated Treasuries, investors add duration or interest rate risk to their portfolios in anticipation of a market rally, when longer-dated bonds generate higher returns than shorter-dated debt.
Investors have added longer-dated Treasuries since the start of the third quarter following a stampede out of bond funds and exchange-traded funds in late May and June due to fears the U.S. central bank might pare its $85 billion monthly bond purchases later this year and soon follow it with a series of rate hikes.
The market sell-off, which was also stoked by stronger-than-expected jobs data, propelled benchmark yields to 23-month highs in early July. It also kindled concerns about mortgage rates and other interest rates rising too quickly and derailing the economy.
Investors grew less anxious about holding longer-dated Treasuries after Bernanke's semi-annual testimony before Congress.
While sticking closely to the timeline he first announced last month that the Fed would halt its current round of bond buying by mid-2014 when unemployment was projected to be around 7 percent, Bernanke stressed that nothing was certain regarding less bond-purchasing. "Our asset purchases depend on economic and financial developments, but they are by no means on a preset course," he said.
He added the Fed will likely hold short-term rates near zero for a long time even after it stops buying Treasuries and mortgage-backed securities.
Longer-dated Treasuries yields hit a two-week low last week in the wake of Bernanke's testimony.
In early Tuesday trading, benchmark 10-year Treasury yields rose slightly to 2.514 percent but were still below 2.755 percent reached earlier this month, which was a level not seen since August 2011, according to Reuters data.
In J.P. Morgan's latest survey, 13 percent of its Treasuries clients said they were "short" in duration of Treasuries, or owning fewer longer-dated Treasuries than their benchmarks, unchanged from a week earlier.
The share of "longs" exceeded "shorts" by 10 percentage points in the latest week, compared with 8 points last week, J.P. Morgan said.
The share of investors who held Treasuries equal to benchmarks slipped to 64 percent from 66 percent a week earlier.
Among active clients, viewed as making speculative bets in Treasuries, 8 percent said they were short in duration versus their benchmarks, down from 15 percent a week earlier.
The survey showed 15 percent in active "longs," unchanged from the previous week.
This was the first time since mid-June that active longs exceeded active shorts, J.P. Morgan said.
Seventy-seven percent said their longer-dated Treasuries holdings matched benchmarks, up from 70 percent the prior week.
J.P. Morgan surveys 40 to 60 of its Treasuries clients weekly, of which 60 percent are fund managers, 25 percent are speculative accounts and 15 percent are central banks and sovereign wealth funds.
It asks 10 to 20 of its active clients each week about their Treasuries holdings, of which 70 percent are speculative accounts and the rest are money managers.

http://finance.yahoo.com/news/investors-ad...A3BtaA--;_ylv=3
Judge your own. 

more due to mgs prices falling, yields rising as a result of weak rm, poor outlook with msia exports to china slowing.

mgs being bonds, are a proxy to reits, foreign funds wun stay if yields too low at this time when usd going back to usa. same thing happening in other emerging mkts like india, brazil, south africa.

imo, local reit prices will not rebound quick until n unless gomen strengthen the rm, e.g. raise interest rates as did indonesia recently.

note, rm is now 3 yr low with usd, 15 yr low with sgd. bad...

Bond yield already rose for the last 1-2 months, after Fed potential "tapering" news, in line with reit price start to fall down.

US treasuries from 1.8 to now around 2.5%.
MGS also from around 3.5% to now around 3.8%.

US treasuries is the biggest bond in financial world.
Its movement can affect the rest of the worldwide bond one, even can affect stock market.
As if bond yield is good, why need to invest in riskier stock market.

Worldwide reit are facing the same.

There is no hike in interest rate across.
It is bond yield rising, not interest rate hike. Different issue.

If look at longer term, reit price just correct back to after rising too much due to "cheap money" flowing around the world last 1-2 years due to QE3.

Many reit still register good gain if look at 3-4 years chart despite recent fall.

Why bond yield rise?
Because investors dumping bonds.
Supply > Demand = Price dropping
price drop = yield rise

Bond is looked at as the "safest" investment

Let's say, bond yield is 4%, and your favourite REIT is yielding 4.5%, who in sane mind would want to hold the REIT? Of course buy bond lo

haha.. the key point in the article is MGS yield rising... (which is also related to weak ringgit)
higher MGS yield will have 2 impacts on reits..
1)yields -> MGS is deemed 'safer' than reits.. if MGS 4% and reit 4.5% for example, some investors may cash out reit and go for bond.. same goes for FD.. but FD is affected by floating rate.. another story
2)borrowing costs -> when a reit issues bonds, they will have to set the yield high enough to attract investors and the yield is generally higher than FD/MGS.. this will incur higher financing costs to the REIT, thus may reduce the distribution income..

not an expert though, just sharing what i know... correct me if i'm wrong..     

Keep in mind that bonds are just as subject to rises in interest rates as REITs. I invest in bonds through Public Mutual's bond funds for example, and I actually lost money for the past two months. As with REITs, expectations of future higher interest rates cause prices to drop and yields to increase. This may be great if you're buying (and don't expect prices to drop further) but bad for those already holding bonds. Exactly the same as it works for REITs.

Between bonds or REITs I don't know but bond funds still generally yield much less than REITs. I think over the past year or so, Public Mutual's bond funds has been yielding barely better than FD. Even with the recent drop, REITs have yielded way more for me.

But I do know that you probably shouldn't buy bond funds from Public Mutual. They have a 1% sales charge I believe. Consider investing through Fundsupermart which has a 0% sales charge for bond funds.

Oops, I was mislead by this link. Weird it says 1% sales charge but only from October 2013?

http://www.publicmutual.com.my/LinkClick.a...wc%3d&tabid=518
http://www.publicmutual.com.my/LinkClick.a...44%3d&tabid=518

I have both Public Select Bond and Public Bond Funds. I thought the Public Bond Fund was closed to new money some time back?

Liabilities less Cash / Unitholders' fund = 68%

I presume, I'm not that familiar with gearing calculation for REITs

Morning Trade : PAVREIT & SUNREIT are red

last year was 7th of August announce... so it could be tomorrow 

What was your queue price?

Now can get at 1.32.... buy more to average down

look at that sunreit sell queue, i bet our Capital Income fund is queuing to sell more. 

dpu increase. nice! that's all i need to know.

Dividend is Rm19.52 nett per share

Yeah another divvy payout in September besides panamy