The Investing Iguana
09-30 09:40
US 30-Year Yield at Its Highest Since 2002, and MAS Names Five Managers
Wed 30 Sep 2026 | Morning

The Numbers
Overnight in the US, the Dow closed at 51,349.92 (-0.26%), the S&P 500 at 7,670.84 (-0.17%) and the Nasdaq at 26,797.54 (-0.09%). The VIX eased to 16.04. FXCM ties the Dow's decline to Boeing falling to its lowest level of 2026 after the FAA held up the 737 Max 10, and to caution ahead of Core PCE data forecast at 3.4% year-on-year. Brent closed at US$102.59 (-2.6%). BT reports the US 30-year Treasury yield rose to its highest since 2002. USD/SGD is 1.2780. The STI closed Tuesday at 5,715 (-0.25%), and SGX opens at 9am on the last trading day of September.

In Singapore, MAS placed S$1.45 billion with five asset managers in the third EQDP batch, taking commitments to S$5.4 billion across 14 managers. BT also carries the SGX chairman calling the number of listed companies an "outdated metric" of the market's success, and a proposal from Zheneng Jinjiang Environment to take the company private at S$0.70 a share or issue new shares.

My Personal Take
My first reaction to the 30-year headline was that it was a US story. What I almost missed is where it meets today's Singapore news: MAS is placing S$1.45 billion with equity managers while the SGX chairman argues the count of listed companies is the wrong measure. I have been treating SGS yields as the local channel for US yields, and I do not yet have a Singapore print showing this move arriving. A rise in SGS yields at the open would tell me it is. A flat curve would tell me it is not. 🦖

Not financial advice. Iggy's Forensic Compliance Standards apply.
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