Singaporean Treasury 2-year
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%.
|Price Change %||0.04||0.1||0.3||0.51||2.71|
|YTM change (%)||1.6||3.92||8.62||9.18||45.65|
|Maturity Date||September 01, 2018|
SINGAPORE 2-YEAR BEARISH SIGNALS
+ 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:
|Description||Value||Rank In Market|
|Price Change %||-0.04||In Bottom Quartile|
SINGAPORE 2-YEAR BULLISH 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.
PRICE VOLUME DYNAMICS
+ 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.
+ 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(%).
|Rank||Country||2-Yr Bond||Inflation||Real Rate|
|GDP (USD Billion)||293||37|
|GDP growth yoy (%)||2.5||28|
|Interest rate (%)||0.57||24|
|Inflation rate (%)||0.7||9|
|Public debt (USD) (billion)||335||47|
|Public debt per person (USD)||57,978||62|
|Total annual debt change (%)||7.7||35|
|Debt to GDP (%)||112.0||60|
|Budget Surplus to GDP (%)||1.3||3|
|Current account Surplus to GDP (%)||19.0||2|
|Unemployment rate (%)||2.3||4|
CREDIT RATING SUMMARY
|Rating Agency||Long Term||Foreign Currency||Description|
|S&P||AAA||Extremely strong capacity to meet financial commitments. Highest Rating.|
|FITCH||AAA||Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.|
|DAGONG||AAA||Highest 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.|