Subscribers

Global rally lifts SGD bond prices to record high

Four issues worth S$1.35 billion raised in the first two weeks of 2019 as investors pile into HDB bonds and debts of reputable corporates

Singapore

THE local bond market is back in favour, with prices hitting new highs in line with a global bull run in fixed income.

Singapore dollar bond prices have zoomed to all time high as measured by the Markit SGD corporates total-return index which hit a record 125.3490 on Jan 14.

The US 10-year note was around 2.7 per cent on Jan 15, down from its 52-week high of 3.26 per cent on Oct. Bond prices move higher when yields fall and vice versa.

In the first two weeks of 2019, the Singapore dollar bond market has also seen four issues worth S$1.35 billion.

There should be more deals to come over the next few weeks. "So far it's pointing in the right direction and we could end the month equal or even...

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes