Singapore government bonds benefiting in low-yield world: DBS
Benchmark 30-year SGS bond yield has fallen more than 60 points from 2.54% on June 3 to all-time low of 1.87% on Thursday
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Singapore
THE global low-yield environment will continue to bode well for Singapore Government Securities (SGS) bonds, according to DBS Group Research.
Eugene Leow, rates strategist at DBS Group Research, wrote in a note on Friday that the long end of the SGS curve has been a major beneficiary, with the benchmark 30-year SGS bond yield falling more than 60 basis points (bps) since June. It sank from 2.54 per cent on June 3 to an all-time low of 1.87 per cent on Thursday, before inching up to 1.91 per cent on Friday. A falling yield suggests improving demand for the bond.
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