Singaporean Treasury 2-year

SINGP

Singapore Treasury 2-Year bond decreases [Implied Yield 1.951%] 25 May, 2018

NEWS BITES - BONDS

Singapore Treasury 2-Year bond has decreased 3.0c (or 0.03%) from its last trading session of May 24, 2018 to close at SGD100.10. The bond matures in 2 years and 2 months; its yield to maturity has (YTM) increased by 1.5 basis points from 1.94% to 1.951%.

Singapore 2-Year1-day1-month3-months1-year
Price Change %0.031.032.42
YTM change (%)0.770.0523.3262.45

SECTION 1

1.1 Maturity

IssuerSingapore
Maturity DateJuly 01, 2020

SECTION 2

SINGAPORE 2-YEAR BEARISH SIGNALS

2.1 Technicals:

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

2.2 Overbought/Bearish/Resistance Signals:

+ The Stochastic indicator of 83.4 has broken through the overbought line of 80; this indicates the price is close to its 14-day high and is likely to revert to a downtrend.

2.3 Low Performance Indicator:

DescriptionValueRank In Market
Price Change %-0.03In 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 premium of 0.1% to its 12-month low of SGD99.95 traded on May 09.

+ The present value of SGD1,000 (PV1000) invested one year ago in Singapore 2-Year is SGD976, for a capital loss of SGD24.

PV$10001-week1-month1-year
singapore-2-year.SI1,0001,000976

SECTION 5

PERFORMANCE RANK

+ The 2-Year bond yield is ranked 16 out of 23 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
1Kenya11.74.057.352
2Brazil7.822.764.924
3India7.514.582.803
4Russia6.812.44.307
5Colombia4.693.131.514
6Philippines4.254.5-0.237
7Qatar3.923.50.408
8Chile3.381.91.452
9China3.171.81.343
10Vietnam2.522.75-0.228
11United States2.482.5-0.02
12South Korea2.121.60.507
13Australia1.991.90.091
14Thailand1.981.070.9
15Canada1.962.3-0.329
16Singapore1.950.21.748
17Poland1.581.6-0.015
18Norway1.222.4-1.152
19Czech Republic0.870.20.668
20United Kingdom0.72.5-1.759
21Italy0.510.50.014
22Taiwan0.491.98-1.461
23Portugal0.060.4-0.343

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValue
GDP (USD Billion)297
GDP growth yoy (%)4.3
Interest rate (%)1.47
Inflation rate (%)0.2
Public debt (USD) (billion)335
Public debt per person (USD)57,978
Total annual debt change (%)7.7
Debt to GDP (%)110.6
Budget Surplus to GDP (%)0.3
Current account Surplus to GDP (%)19.5
Unemployment rate (%)2.0
Population (million)5.9

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