Stocks gain in first half while T-bill yields stay high: Weekly Recap

The first half of the year has gone by in the blink of an eye. While many had started the year hopeful of interest rate cuts, the surprise this year is that we have yet to see any come through so far.  Looking at my investment portfolio, the S&P 500 ETF and gold have performed well, while the Singapore REITs have languished as interest rates stay elevated.  I was able to roll over my T-bills at yields that are close to what I received 6 months ago. The SSB allotment has also remained fairly high despite a bounce in SSB returns.  The good news for T-bill investors is that the closing yield for the 6-month T-bill is at 3.72%, which may mean the cut-off yield may hold steady at the upcoming auction on 4th July. As the yield on cash management accounts has stayed high, we share how you can…