S'pore bonds continue strong showing

SINGAPORE bonds continue their rally, with longer dated ones outperforming those with shorter maturities as nervous investors struggle with uncertain macro data out of the United States, plus more news of a bigger slowdown in China.

The Singapore Fixed Income Index (SFI) gained 0.09 per cent to 116.38 for the week ending March 7. Year-to-date (YTD) the SFI has made weekly gains in eight out of 10 weeks, said the Singapore Exchange (SGX).

The SFI provides comprehensive coverage of the local fixed income market with 68 indices covering over 80 per cent of SGD-denominated bonds. The SFI includes Singapore government, statutory and corporate bonds.