Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), the country’s central bank, cautioned that the economy remains in a dire state due to the Covid-19 pandemic.
<p>Here's a reminder of what happened in September 2022 when US 10s hit 4% for the first time this cycle. Yields traced out a huge intraday reversal and eventually fell all the way to 3.59%
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