Singaporean Treasury 2-year

SINGP

[Implied Yield 1.38%] 19 January, 2018

NEWS BITES - BONDS

The bond matures in 8 months; its yield to maturity has (YTM) decreased by 0.7 basis point from 1.39% to 1.38%.

Singapore 2-Year1-day1-week1-month3-months1-year
Price Change %0.10.20.412.89
YTM change (%)0.54.5612.336.6519.17

SECTION 1

1.1 Maturity

IssuerSingapore
Maturity DateSeptember 01, 2018

SECTION 2

SINGAPORE 2-YEAR BULLISH SIGNALS

2.1 Technicals:

+ The price increased 0.1% in the last week and 0.2% in the last month.

2.2 High Performance Indicators:

DescriptionValueRank In Market
Volatility %0.02In Top Quartile
Price/MAP501.0In Top Quartile

SECTION 3

SINGAPORE 2-YEAR BEARISH SIGNALS

3.1 Technicals:

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

3.2 Overbought/Bearish/Resistance Signals:

+ The Relative Strength Index (RSI) of 88.4 has penetrated the overbought line of 70, suggesting the price gain of 0.2% in the last 14 days is unusually high.

+ The bond is overbought according to the Williams % R indicator of -8.6, suggesting the price is close to its 14-day high of SGD101.53.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The Singapore 2-Year is at a discount of 3.0% to its 12-month high of SGD104.60 traded on January 24, 2017.

+ It is at a premium of 0.4% to its 12-month low of SGD101.09 traded on January 01.

+ The present value of SGD1,000 (PV1000) invested one year ago in Singapore 2-Year is SGD971, for a capital loss of SGD29.

PV$10001-week1-month1-year
singapore-2-year.SI1,0011,002971

SECTION 5

PERFORMANCE RANK

+ The 2-Year bond yield is ranked 17 out of 21 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
1Kenya11.614.057.264
2Brazil8.042.954.944
3India6.865.211.568
4Russia6.782.54.176
5Colombia4.874.090.749
6Qatar3.923.50.408
7Philippines3.93.30.582
8China3.621.81.792
9Vietnam3.522.60.892
10Chile3.222.30.899
11Australia2.121.80.309
12South Korea2.111.50.605
13United States2.072.1-0.03
14Canada1.82.1-0.29
15Poland1.562.1-0.526
16Thailand1.450.780.665
17Singapore1.380.60.775
18United Kingdom0.573.0-2.36
19Czech Republic0.550.20.352
20Norway0.491.6-1.096
21Taiwan0.411.21-0.785

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValueGlobal Rank
GDP (USD Billion)29736
GDP growth yoy (%)3.127
Interest rate (%)1.2624
Inflation rate (%)0.67
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 (%)1.34
Current account Surplus to GDP (%)19.02
Unemployment rate (%)2.24
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