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Singapore Reits hammered by interest rate fears as bond yields soar
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Capitaland Ascott Trust is one of the highly rated Reits that have taken a hit from interest rate fears.
PHOTO: ASCOTT
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SINGAPORE – While the higher-for-longer outlook for interest rates has mauled stock markets, the real estate segment, and in particular the Reits sector, has borne the full force of the sell-down this week.
Many Singapore-listed real estate investment trusts, commonly referred to as S-Reits, are trading close to 52-week lows as US 10- and 30-year government bond yields climbed to their highest levels since 2007 following strong jobs data in the United States.
