Concerns over rising US government debt and inflation have driven up treasury yields
SINGAPORE-LISTED real estate investment trusts or S-Reits fell to the bottom of the Singapore Exchange (SGX) on Thursday (Nov 7) amid fears that Trump administration policies would raise inflationary pressure on the US economy and lead to a slowdown in interest rate cuts by the Federal Reserve.
Close to two-thirds of S-Reits and business trusts listed on the SGX ended lower. The top five decliners included US office S-Reits and logistics Reits with exposure to Singapore, Australia and Japan.
The benchmark iEdge S-Reit Index, which tracks the performance of S-Reits, also fell 1.3 per cent on Thursday, a day before the Fed was due to decide on rate cuts.
