Phillip ETF Model Portfolio: Monthly Update May 25, 2018 709
10-yr treasury yield crossed above the Rubicon 3% level, technically signifies the end of the 35-year bull market. Refer to our report here, on how high we think yield can go.
A rise in bond yields can be greeted positively by equity markets when it flags higher growth expectations.
Geo-political tension remains high as US-China trade negotiating continues to hog headline news. Kim-Trump summit remains an uncertainty.
Oil broke up higher on new sanction on Iran and possible sanction on the new Venezuela government.
About the author
Pei Sai Teng Investment Analyst Phillip Securities Research Pte Ltd
Sai Teng covers the global macro research. He has more than 6 years investment experience primarily in portfolio construction and asset allocation.
He graduated with Bachelor of Science in Banking and Finance from University of London.