Bond investors give home bias and Robert Kuok the thumbs up
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AS 2018 draws to a close, the local bond market isn't doing too badly, all things considered.
With two weeks left to end-2018, the Markit SGD corporates' total-return index is down a mere 0.16 per cent from the all-time high of 124.98 reached on January 16. The index has recovered quite a bit from the year low of 122.97 on June 11.
Bonds globally have staged a rebound since early November and the yield of the US 10-year Treasury has fallen to close to 2.88 per cent from 3.23 per cent in Nov 8 as markets now expect less aggressive interest rate hikes next year.
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