Recession Fear and the Bond Yield Curve

Since December 2018, something rare has been happening to the US treasury bond yields and the trend is still continuing to today. The yield on bonds with durations longer than 1 year have been gradually dropping while the yield on bonds shorter than 6 months have slightly nudged upwards. This has finally resulted last Friday… Continue reading Recession Fear and the Bond Yield Curve

EPF’s Belanjawanku And Those Who Do Not Need It

Last week on March 4th, the EPF published an expenditure guide called 'Belanjawanku', which is 'My Budget' when translated from Malay. When I heard the news I knew it would be a lightning rod attracting criticism. Source: http://www.kwsp.gov.my/portal/documents/10180/6462229/Panduan_Belanjawanku_03032019.pdf And indeed it did. For example, people mocked that it's impossible to find a rental room in… Continue reading EPF’s Belanjawanku And Those Who Do Not Need It

How Does EPF Deliver ~6% Dividend for 2018?

Over the weekend, the Employees' Provident Fund (EPF) of Malaysia delivered an astounding 6.15% dividend for the Conventional Savings account and 5.9% for the Shariah Savings account. The news caught many people by surprise since 2018 was a particularly poor year for almost all asset classes globally. Even Lim Guan Eng, the Malaysian Finance Minister… Continue reading How Does EPF Deliver ~6% Dividend for 2018?