$Lion-OSPL APAC Fin S(YLD.SG)
context: Following the 25bps fed rate hike with a penned probability of another later this year, the negativity towards the NIM compression of the local bank improved. While this will not have an immediate effect on their balance sheet, the news strengthen the generally positive sentiments towards them.
My Trade: I have taken the opportunity of the recent weakness to add to my YLD position, which is the barbell counter to my REIT holdings (which I have added some recently)
Takeaway: It is important to hedge my interest rate sensitive holdings and manage their position sizes.
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