Singaporean Treasury 2-year
[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%.
|Price Change %||0.1||0.2||0.41||2.89|
|YTM change (%)||0.5||4.56||12.33||6.65||19.17|
|Maturity Date||September 01, 2018|
SINGAPORE 2-YEAR BULLISH SIGNALS
+ The price increased 0.1% in the last week and 0.2% in the last month.
2.2 High Performance Indicators:
|Description||Value||Rank In Market|
|Volatility %||0.02||In Top Quartile|
|Price/MAP50||1.0||In Top Quartile|
SINGAPORE 2-YEAR BEARISH SIGNALS
+ 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.
PRICE VOLUME DYNAMICS
+ 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.
+ 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(%).
|Rank||Country||2-Yr Bond||Inflation||Real Rate|
|GDP (USD Billion)||297||36|
|GDP growth yoy (%)||3.1||27|
|Interest rate (%)||1.26||24|
|Inflation rate (%)||0.6||7|
|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||4|
|Current account Surplus to GDP (%)||19.0||2|
|Unemployment rate (%)||2.2||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.|