SGD bonds hit new highs, investors take Ezra default in stride

Singapore

SINGAPORE bond prices have been hitting new highs and cash-flush investors are unlikely to be deterred by the weekend bankruptcy filing of Ezra Holdings, which has S$150 million bonds outstanding.

Bond prices in Asia, whether in USD or SGD, are high as investors continue to look for yield, said Clifford Lee, DBS Bank head of fixed income.

The Markit SGD corporates total-return index shot to new highs towards the end of last week, and ended at 119.9029 on March 17.

This followed "dovish" r…