$Singtel (Z74.SG)$ Treasury yields fell from multiyear highs...
Treasury yields fell from multiyear highs on Wednesday after new jobs data showed tentative signs of a weakening labor market.
The yield on the 10-year Treasury note dropped 5 basis points to 4.763% following the data release. Earlier, yields rose as high as 4.884% after crossing the 4.8% mark on Tuesday — levels last seen in 2007.
Payroll processing firm ADP said job growth totaled just 89,000 in September,sharply below the 160,000 estimate from economists polled by Dow Jones.
The 30-year Treasury bond yield slid 6 basis points to 4.878%, after briefly trading above 5% earlier in the session, also at levels last seen in 2007. The 2-year Treasury note yield was last down 5 basis points at 5.104%. Yields and prices have an inverse relationship, so that when prices rise, yields fall.
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Deep SeaOP : This is good news for stock markets.
Comanche : Singtel is cash rich but this is where the problem may begins.
Based on past acquisitions, they will buy some trash and end up selling it away at lower value.
Dividend increment will be the least they can reward their long suffering share holders.
Deep SeaOP Comanche: Singtel is now focusing on Data Centre businesses in ASEAN which will make money in the long term. Let’s see whether the company will increase dividends in Nov half year earnings.