10-year SGS yield falls below 2%

Singapore

THE yield on the 10-year Singapore Government Securities (SGS) has plunged below 2 per cent as it tracks the southbound 10-year US Treasury (UST) yield on growing speculation that interest rate hikes will be delayed.

SGS investors have been doing well. As the 10-year SGS yield on Tuesday fell to 1.99 per cent from Monday's 2.09 per cent, the price rose 0.8 per cent to 108.79. Bond prices rise…