Investors find safe haven in SG govt, statutory board bonds (Amended)
Singapore
NERVOUS markets are pushing prices of Singapore government debt and statutory board bonds up, although on thin trade.
Yield on the 10-year Singapore Government Securities has fallen to 2.07 per cent on Feb 10 from 2.26 per cent on Jan 29 while prices have risen to 102.58 from 100.97 over the same period. Bond yields fall as prices rise and vice versa.
The Housing & Development Board's seven-year 2.5 per cent bond sold late last month has powered to 101.14, according to Bloomberg. It was sold at par 100.
The Singapore Fixed Income Index (SFI) hit yet another high on Feb 9 at 123.25 points, as skittish investors sought out safe havens in government and statutory board bonds.
The SFI tracks government, statutory board and corporate debt issuances in Singa…
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