Corporate bonds attractive again, reaching new peaks

[SINGAPORE] Singapore corporate bonds are touching new highs with investors once again chasing yield now that US Federal Reserve tapering concerns are next year's problems.

Even the dreaded perpetuals are off their lows as their higher yields, of as much as 6-plus per cent, are making investors salivate.

The Markit iBoxx SGD Corporates Index hit a high of 104.7945 last Thursday, up 2.8 per cent from the this year's June 25 low of 101.93.