Due to expectation of US Fed announcing a tapering in their bond purchase program, which leads to an expectation of interest rates rising, there was a pullback in the prices of bonds generally. It can be observed that the bonds in my portfolio dropped about 1-2 points month-on-month.
With Shell Equity rising with oil prices, I took the opportunity to realise profits on a portion of my holdings.
For this month, this mini portfolio received bond interest from Singtel 3.3% SGD Perp.
The Current Margin Ratio is within my target level of 80-85% for optimal portfolio leverage and acceptable risk level.
Regards, Newbie
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