Singapore Banks’ Hot Rally Stutters Over Surging Bond Yields
Singapore bank shares extended declines for a second day after JPMorgan Chase & Co. warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.
By Faseeh Mangi · Bloomberg Markets
Singapore bank shares extended declines for a second day after JPMorgan Chase & Co. warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders.