Iggy's Journal: Fed Week Begins, And So Does My Detour Through Abu Dhabi
15 September 2026
Posting later than usual, I'm transiting through Abu Dhabi airport en route to London. Also can't believe we're already mid-September.
STI is down 61.84 points to 5,656.2 this morning, extending lower after Monday's small gain. Backdrop: 10-year Treasury yield at its highest since 2023, Brent crude spiking as high as US$109 intraday on a Saudi pipeline shutdown, and the Fed's two-day meeting starts today.
OCBC is the standout mover, down 2.07% to S$31.19. Worth being precise, this is a capital strength call, not a yield call. Trailing yield still doesn't clear my income threshold at current prices. Addvalue Technologies traded heaviest volume again, flat at 0.187, same growth-not-income story as every week. Lendlease REIT eased 0.92% to 0.540, no price reaction yet to the thin interest coverage I've flagged.
My Personal Take
Watching a red morning unfold from an airport lounge is a strange way to experience a session. Reminds me none of this needs me hovering over it live. Fed decision lands over the next two days, still rather wait for that than react to one red morning driven mostly by oil.
What I'm Doing About It
Nothing drastic. Not touching my OCBC tracking off one session. Watching Lendlease more closely this week, thin coverage plus rising borrowing costs is exactly the combination I said I'd revisit. Holding off any fresh read on Keppel DC or the banks until the Fed decision actually lands.
Postings may run later or less predictably over the next week and a half while I'm in London. Nothing changing underneath.
Not financial advice. Iggy's Forensic Compliance Standards apply.
Cheers, Iggy 🦖
