Singaporean Treasury 2-year

SINGP

Singapore Treasury 2-Year bond decreases [Implied Yield 1.278%] 17 October, 2017

NEWS BITES - BONDS

Singapore Treasury 2-Year bond has decreased 4.0c (or 0.04%) from its last trading session of October 16, 2017 to close at SGD101.95. The bond matures in 11 months; its yield to maturity has (YTM) increased by 2.7 basis points from 1.25% to 1.278%.

Singapore 2-Year1-day1-week1-month3-months1-year
Price Change %0.040.10.10.463.61
YTM change (%)2.162.161.839.0442.32

SECTION 1

1.1 Maturity

IssuerSingapore
Maturity DateSeptember 01, 2018

SECTION 2

SINGAPORE 2-YEAR BEARISH SIGNALS

2.1 Technicals:

+ The price decreased 0.1% in the last week and 0.1% in the last month.

+ In the last three months the bond has hit a new 52-week low four times, pointing to a downtrend.

2.2 Low Performance Indicators:

DescriptionValueRank In Market
Price/MAP2000.98In Bottom Quartile
Price Change %-0.04In Bottom Quartile

SECTION 3

SINGAPORE 2-YEAR BULLISH SIGNALS

High Performance Indicator:

DescriptionValueRank In Market
Volatility %0.1In Top Quartile

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The Singapore 2-Year is at a discount of 3.7% to its 12-month high of SGD105.90 traded on October 31, 2016.

+ It is at a premium of 0.1% to its 12-month low of SGD101.85 traded on October 02.

+ The present value of SGD1,000 (PV1000) invested one year ago in Singapore 2-Year is SGD964, for a capital loss of SGD36.

PV$10001-week1-month1-year
singapore-2-year.SI999999964

SECTION 5

PERFORMANCE RANK

+ The 2-Year bond yield is ranked 17 out of 22 countries in the global sovereign bond index.

The table below shows today's 2-Year Bond Yield in %, current inflation rate in % and real rate of interest(%).

RankCountry2-Yr BondInflationReal Rate
1Kenya12.384.058.006
2Brazil8.014.083.776
3Russia7.434.13.199
4India6.422.993.333
5Colombia5.224.660.54
6Vietnam4.046.69-2.483
7Qatar3.923.50.408
8Philippines3.833.40.415
9China3.571.22.345
10Chile3.332.70.613
11Australia1.922.1-0.173
12South Korea1.881.9-0.018
13Poland1.712.0-0.286
14United States1.552.2-0.636
15Canada1.511.6-0.087
16Thailand1.430.381.046
17Singapore1.280.70.574
18Norway0.522.2-1.643
19Taiwan0.470.120.35
20United Kingdom0.42.3-1.854
21Czech Republic0.230.20.03
22Portugal0.182.0-1.783

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValueGlobal Rank
GDP (USD Billion)29337
GDP growth yoy (%)2.528
Interest rate (%)0.5724
Inflation rate (%)0.79
Public debt (USD) (billion)33547
Public debt per person (USD)57,97862
Total annual debt change (%)7.735
Debt to GDP (%)112.060
Budget Surplus to GDP (%)1.33
Current account Surplus to GDP (%)19.02
Unemployment rate (%)2.34
Population (million)5.954

SECTION 7

CREDIT RATING SUMMARY

Singapore:

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAaa
S&PAAAExtremely strong capacity to meet financial commitments. Highest Rating.
FITCHAAAHighest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGAAAHighest Credit Quality: "AAA" ratings denote the lowest expectation of default risk. It indicates that the issuer has exceptionally strong capacity for payment of financial commitments. Although the AAA debt protection factors may change, this capacity is highly unlikely to be adversely affected by any foreseeable event. 'AAA' is the highest issuer credit rating assigned by Dagong.

Source: www.BuySellSignals.com