As a result, the STI should be able to hold above breakout-turned-support level, and eventually head towards a target of 3,600.
Risk-free rates as represented by the yield on 10-year Singapore Government Securities (SGS) may have peaked. A tentative downtrend has developed, wth the yield breaking below 3%. Support is at 2.79%, a recent trough from which prices rebounded. A move below 2.79% could materialise.
That would likely be the phase where the STI readies itself for the next leg of its upclimb
See also: REIT Index points to upside as STI continues consolidation
Risk-free rates as represented by the yield on 10-year Singapore Government Securities (SGS) may have peaked. A tentative downtrend has developed, wth the yield breaking below 3%. Support is at 2.79%, a recent trough from which prices rebounded. A move below 2.79% could materialise.
That would likely be the phase where the STI readies itself for the next leg of its upclimb
