cmmt fell back down. GIC (Sg gomen fund) continues selling stake, while Amanahraya buying.
at current 1.51, FY14 net yield goes slightly above 5.5%.
MGS continues gaining strength lately, yield at 3.5-3.68% (5-10 yrs).
consider next year, interest rate may increase by 0.25-0.5%.

i thought Debt Celling ...US need more QE3..to support the market.
US SHUT DOWN also increaset jobless rate...Qe3 tapering condition not meet...

Uncle Ben still continue his term as Fed Chairman ?

This post has been edited by felixmask: Oct 4 2013, 05:17 PM

I don't think Ben can continue. But QE3 can continue.

got such rule Fed Chairman cant be sit by same person for more than 2 term ?

I visit http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve .Alan Greenspan work very long...

not sure about that, but Obama has made himself clear that he sure want Ben to step down and use new blood.

igbreit still on cheap sale..

wanna get discounted igbreit but stucked in the process of validating order..
im using hlebroking, anyone encountered the same issue?

I don't think so...below 1.20 only cheap

any chances it will go lower?

US treasurys kaboom lor

that have to depend on obama next plan liao

that's dirt cheap.

as pinkylabah2 said, Oct 17 only will know.

If US defaults, will investors buy stocks/property/gold?

If US defaults... the whole world economy will go into tailspin. Currency, commodities, property, bonds, stock, etc all will be destroyed. This is an unthinkable scenario, and USA will not do that.

In the event the debt ceiling is not raise, it will opt to cut non essential payment first, it can sustain interest payment on treasuries indefinitely with the current tax collection.

Treasury priority payment, in even of debt ceiling not raised :-

1. Interest Payment - Full payment
2. Troop/Police/Coast Guard/Security Civil servant Salaries - Full payment (you gotta pay those who hold the guns...)
3. Social Security - Partial payment
4. Other civil services - Partial payment
5. Payment to contractor etc - delay payment
6. Research grants, foreign aid etc - stop payment

This post has been edited by gark: Oct 7 2013, 12:47 PM

After Debt celling has been set, is Qe3 absoulte continue until extend the emplyment rate reduce ?

Fed and treasury is two separate entity. By law Fed cannot lent directly to treasury.. so debt ceiling have no effect on tapering.

Axreit n Klcc is d biggest losers today

I agree...but once debt celling resolved, outlook US economic still weak with number of unemployed...

the Qe3 will extend support US economic...

QE3 is like a drug... sooner or later it has to stop otherwise it destroy the consumer...

So the tapering is inevitable. Just a matter or when, how fast and how long.

This post has been edited by gark: Oct 7 2013, 02:01 PM

thats why i also part of drug addicted...hand want press buy more stock button.