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UOBKH sees possible US recession due to inverted yield curve, but still overweight S-REITs

Lim Hui Jie
Lim Hui Jie4/6/2022 12:06 PM GMT+08  • 4 min read
UOBKH sees possible US recession due to inverted yield curve, but still overweight S-REITs
Could the inversion of the yield curve signal a recession? UOB thinks so, but is still positive on the S-REIT sector.
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UOB Kay Hian analyst Jonathan Koh is keeping his “overweight” recommendation on Singapore REITs (S-REITs) as he sees “resiliency” in the sector.

Externally, Koh says the Russia-Ukraine war creates heightened uncertainties and has pushed bond yields higher, adding that a peace agreement remains elusive.

Koh’s report dated April 5, also comes at a time where the risk of the US economy slipping into a recession has increased with an inversion of the US yield curve since April 1.

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