Singaporean Treasury 2-year

SINGP

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%.

Singapore 2-Year1-day1-week1-month3-months1-year
Price Change %0.050.22.22.360.38
YTM change (%)0.924.524.580.3153.52

SECTION 1

1.1 Maturity

IssuerSingapore
Maturity DateSeptember 01, 2020

SECTION 2

SINGAPORE 2-YEAR BEARISH SIGNALS

Technicals:

+ The price decreased 0.2% in the last week.

SECTION 3

SINGAPORE 2-YEAR BULLISH SIGNALS

3.1 Technicals:

+ 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:

DescriptionValueRank In Market
Price/MAP501.01In Top 9%
Price/MAP2001.01In Top Quartile

SECTION 4

PRICE VOLUME DYNAMICS

Technicals:

+ 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.

PV$10001-week1-month1-year
singapore-2-year.SI9981,0221,004

SECTION 5

PERFORMANCE RANK

+ 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(%).

RankCountry2-Yr BondInflationReal Rate
1Kenya11.354.057.016
2Brazil9.144.194.751
3India7.963.694.117
4Russia7.933.14.685
5Philippines6.26.4-0.191
6Colombia4.613.11.461
7Vietnam4.123.980.133
8Qatar3.923.50.408
9Chile3.542.60.916
10China3.292.30.964
11United States2.792.70.089
12Canada2.183.0-0.799
13Australia2.172.10.07
14Thailand2.01.620.374
15Singapore1.970.61.357
16South Korea1.961.40.547
17Poland1.572.0-0.424
18Czech Republic1.520.21.32
19Norway1.223.4-2.108
20United Kingdom0.852.5-1.607
21Italy0.731.6-0.851
22Taiwan0.61.53-0.916

SECTION 6

MACROECONOMIC INDICATORS

IndicatorValue
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
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