The US six-month T-bill rate was 5.52% as at July 14. Investors are now “sitting back, perhaps pressing pause” in their strategic direction, adds England-Brammer, who is based in Hong Kong.
A cocktail of geopolitical and macroeconomic factors is forcing investors to hit pause on their plans, and with US Treasury bills (T-bills) at above 5% yield, they are being “paid to wait”, says Simon England-Brammer, Nuveen’s head of Asia-Pacific and Middle East for its global client group.
“There’s lots of things taking place at the moment,” England-Brammer tells The Edge Singapore. “You’ve got the China-US trade tensions, Russia invading Ukraine, inflation being wherever it is at the moment, interest rates moving as quickly as they have to combat that — it’s just a cocktail that’s been put together, which is quite a unique scenario.”
