Singaporean Treasury 2-year
Singapore Treasury 2-Year bond decreases [Implied Yield 1.965%] 19 September, 2018
NEWS BITES - BONDS
Singapore Treasury 2-Year bond has decreased 5.0c (or 0.05%) from its last trading session of September 18, 2018 to close at SGD102.43. It fell for a second day on Wednesday bringing its two-day fall to 10.0c or 0.1%. The bond matures in 2 years; its yield to maturity has (YTM) increased by 1.8 basis points from 1.95% to 1.965%.
|Price Change %||0.05||0.2||2.2||2.36||0.38|
|YTM change (%)||0.92||4.52||4.58||0.31||53.52|
|Maturity Date||September 01, 2020|
SINGAPORE 2-YEAR BEARISH SIGNALS
+ The price decreased 0.2% in the last week.
SINGAPORE 2-YEAR BULLISH SIGNALS
+ In the last three months the bond has hit a new 52-week high four times, pointing to an uptrend.
3.2 Oversold/Bullish/Support Signals:
+ The Relative Strength Index (RSI) of 11.1 has breached the oversold line of 30, suggesting the price decrease of 0.2% in the last 14 days is unusually high.
+ The bond is oversold according to the Williams % R indicator of -94.0, suggesting the price is close to its 14-day low of SGD102.40.
3.3 High Performance Indicators:
|Description||Value||Rank In Market|
|Price/MAP50||1.01||In Top 9%|
|Price/MAP200||1.01||In Top Quartile|
PRICE VOLUME DYNAMICS
+ The Singapore 2-Year is at a discount of 0.5% to its 12-month high of SGD102.90 traded on September 04.
+ It is at a premium of 2.5% 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 SGD1,004, for a capital gain of SGD4.
+ The 2-Year bond yield is ranked 15 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)||324|
|GDP growth yoy (%)||3.9|
|Interest rate (%)||1.06|
|Inflation rate (%)||0.6|
|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 (%)||2.1|
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.|