Local bond market slumps as investors stay away
January deals totalling S$638m a pale shadow of the S$2.2b achieved a year ago; lack of clarity cited for the drop in demand
Add BT as a preferred source
Singapore
VOLATILITY is spooking bond investors, and fed up with declining interest rates, they are staying away. The local bond market has slumped as investors keep their powder dry, with January sales not even reaching 30 per cent of the volume achieved a year ago.
Last month, Singapore dollar bond issuances from 11 deals raised a paltry S$638 million, compared with S$2.2 billion in January 2014.
TRENDING NOW
Singapore is showing why cooling is the next investment asset
S$500 CDC Vouchers brought forward to June; Cost-of-Living Special Payment up by S$200 to ease pressures
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Indonesia’s commodity export shake-up sparks industry alarm, investor jitters
