$DBS(D05.SI)$ Another all time

$DBS(D05.SI)$ Another all time closing high $62.10 with buying ($164 million) outpaced selling ($70 million), this may further push the price upside. It seems the price movements are more related to USA treasury yields and CPI instead of share price valuation.

The USA 10 year and 30 year treasury yields stood at 4.2% and 4.8% at beginning of the year and now at 4.6% and 5.2%, CPI was 2.5% at beginning of the year and latest is 3.8%

DBS share price was around $56 at beginning of the year and now at around $62 which is in line with the treasury yields and CPI upsides.

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