Singaporean Treasury 2-year

SINGP

Singapore Treasury 2-Year bond decreases [Implied Yield 1.273%] 17 August, 2017

NEWS BITES - BONDS

Singapore Treasury 2-Year bond has decreased 4.0c (or 0.04%) from its last trading session of August 16, 2017 to close at SGD102.16. It fell for a third day on Thursday bringing its three-day fall to 12.0c or 0.1%. The bond matures in 1 year and 1 month; its yield to maturity has (YTM) increased by 2.0 basis points from 1.25% to 1.273%.

Singapore 2-Year1-day1-week1-month3-months1-year
Price Change %0.040.10.30.512.71
YTM change (%)1.63.928.629.1845.65

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 0.3% in the last month.

+ Falls to Rises in the past month: the number of falls outnumbered rises 10:6 or 1.7:1. The bond traded in 16 of the 23 trading days.

2.2 Low Performance Indicator:

DescriptionValueRank In Market
Price Change %-0.04In Bottom Quartile

SECTION 3

SINGAPORE 2-YEAR BULLISH SIGNALS

Technicals:

Oversold/Bullish/Support Signals:

+ At SGD102.16 the price is below the lower Bollinger band support of SGD102.16, indicating an upside for it to return to the band.

+ The bond is oversold according to the Williams % R indicator of -90.3, suggesting the price is close to its 14-day low of SGD102.13.

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ The Singapore 2-Year is at a discount of 4.0% to its 12-month high of SGD106.44 traded on September 07, 2016.

+ It is at a premium of 2.8% to its 12-month low of SGD99.38 traded on August 22, 2016.

+ The present value of SGD1,000 (PV1000) invested one year ago in Singapore 2-Year is SGD1,027, for a capital gain of SGD27.

PV$10001-week1-month1-year
singapore-2-year.SI9999971,027

SECTION 5

PERFORMANCE RANK

+ The 2-Year bond yield is ranked 16 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
1Kenya11.54.057.16
2Brazil8.534.084.276
3Russia7.774.13.525
4India6.352.993.262
5Colombia5.574.660.873
6Vietnam3.956.69-2.567
7Qatar3.923.50.408
8Philippines3.723.40.307
9China3.461.22.228
10Chile2.792.70.088
11Poland1.842.0-0.157
12Australia1.812.1-0.279
13South Korea1.711.9-0.185
14Thailand1.550.381.166
15United States1.312.2-0.871
16Singapore1.270.70.569
17Canada1.231.6-0.364
18Norway0.652.2-1.52
19Taiwan0.50.120.38
20United Kingdom0.222.3-2.031
21Portugal0.032.0-1.936
22Czech Republic0.010.2-0.195

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