10-year SGS rises back to its February level

Singapore

THE key 10-year Singapore Government Securities (SGS) has risen over one per cent in the past two weeks while the yield has fallen more than 6 per cent, tracking the US Treasury, which is reacting to softer economic data. The price of the 10-year SGS shot up to 108.35 on April 14, a level not seen since February; it fell slightly to 108 on Wednesday.

On Feb 11, it was 108.39 and subsequently sold down as bond investors traded them for higher-yielding corporate bonds. The year-to-date low was 104.10 on March 10.