Rates at 5.35% on US 10Y is the real killer, OCBC -10% on Citi sell call is just excuse with DBS and UOB sliding with it…
Rates at 5.35% on US 10Y is the real killer, OCBC -10% on Citi sell call is just excuse with DBS and UOB sliding with it. But this is rates-driven de-risk, not SG bank specific - NIM actually expands at 5.35% and asset quality still solid. Buy fear when yields top.
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