Singapore government bonds to retain some popularity despite falling yields
SINGAPORE government bonds will likely retain some of their popularity in 2024, even as their yields fall to account for changing interest-rate expectations.
The latest Singapore Treasury bill (T-bill) auction closed with a cut-off yield of 3.73 per cent – slightly lower than the previous auction’s yield of 3.74 per cent.
Demand, too, was still high, at 2.29 times the amount on offer. The previous auction had a bid-to-cover ratio of 2.25.
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