SGD bonds going strong

Singapore

THE Singapore bond market continues to roar, with new issuances up 20 per cent in the first three weeks of May against the same period last year.

It may end the month with S$3 billion worth of issues as investor appetite remains strong amid growing expectations that US interest rates will rise later in the year.

From May 1 to 21, there were 21 new issues worth S$2.9 billion, against 12 issues valued at S$2.4 billion for the same three weeks in 2014.

But 2015 year-to-date volume has still not caught up with that o…