COUNTRY •
SINGAPORE
Last Update: 1 Dec 2022 3:15 GMT+0
The Singapore 10Y Government Bond has a 3.023% yield.
10 Years vs 2 Years bond spread is -9.6 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 2.65% (last modification in November 2022).
The Singapore credit rating is AAA, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 25.56 and implied probability of default is 0.43%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 month | 4.828% | +106.3 bp | +331.4 bp | 01 Dec | |||||
| 3 months | 4.318% | +36.7 bp | +267.8 bp | 01 Dec | |||||
| 6 months | 3.871% | -7.9 bp | +212.0 bp | 01 Dec | |||||
| 1 year | 3.760% | +8.0 bp | +201.0 bp | 96.38 | -0.07 % | -1.93 % | 01 Dec | ||
| 2 years | 3.119% | +3.6 bp | +97.8 bp | 94.04 | -0.07 % | -1.89 % | 01 Dec | ||
| 5 years | 2.892% | -36.6 bp | +35.3 bp | 86.71 | +1.78 % | -1.71 % | 01 Dec | ||
| 10 years | 3.023% | -40.6 bp | +26.5 bp | 74.24 | +4.01 % | -2.55 % | 01 Dec | ||
| 15 years | 3.049% | -34.7 bp | +14.1 bp | 63.73 | +5.17 % | -2.03 % | 01 Dec | ||
| 20 years | 2.862% | -39.9 bp | -7.2 bp | 56.87 | +8.06 % | +1.41 % | 01 Dec | ||
| 30 years | 2.723% | -35.1 bp | +3.1 bp | 44.67 | +10.79 % | -0.89 % | 01 Dec | ||
Last Update: 1 Dec 2022 3:15 GMT+0
Singapore Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (2.65%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.723% | 7.3 bp | ||||||
| 10 years | 3.023% | 37.3 bp | ||||||
| 5 years | 2.892% | 24.2 bp | ||||||
| 2 years | 3.119% | 46.9 bp | ||||||
| 1 year | 3.760% | 111.0 bp | ||||||
| 3 months | 4.318% | 166.8 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -64.1 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -22.7 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -9.6 bp | Yield Curve is inverted in Long-Term vs Short-Term Maturities |
Readings that may interest you
Singapore Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Singapore Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
AAA
|
- |
| Moody's Investors Service |
Aaa
|
- |
| Fitch Ratings |
AAA
|
- |
| DBRS |
AAA
|
- |
Singapore Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 2.65% |
Singapore Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 25.56 | +40.13 % | +38.31 % | +18.39 % | 0.43 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Singapore 10Y Bond Yield Spread
The Singapore 10Y Government Bond has a 3.023% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Singapore 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 275.6 bp | -42.3 bp | +23.0 bp | Compare | |
| Germany 10Y | 113.4 bp | -15.7 bp | -44.8 bp | Compare | |
| France 10Y | 62.2 bp | -14.6 bp | -44.7 bp | Compare | |
| China 10Y | 9.1 bp | -66.8 bp | +13.3 bp | Compare | |
| Canada 10Y | 8.8 bp | -7.4 bp | +30.7 bp | Compare | |
| Spain 10Y | 7.6 bp | -7.3 bp | -36.1 bp | Compare | |
| United Kingdom 10Y | -13.3 bp | -10.4 bp | -74.9 bp | Compare | |
| Australia 10Y | -46.8 bp | -13.2 bp | +24.8 bp | Compare | |
| United States 10Y | -60.1 bp | +1.8 bp | -44.8 bp | Compare | |
| Italy 10Y | -85.1 bp | -1.5 bp | -41.4 bp | Compare | |
| India 10Y | -425.7 bp | -29.0 bp | +39.9 bp | Compare | |
| Russia 10Y | -705.7 bp | -62.6 bp | -50.5 bp | Compare | |
| Brazil 10Y | -970.1 bp | -133.3 bp | +10.7 bp | Compare |
Singapore Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 30 years | 2.723% | 44.67 | 64.99 | 105.63 | 146.27 | 186.91 | 227.56 | ||
| 20 years | 2.862% | 56.87 | 71.94 | 102.08 | 132.22 | 162.36 | 192.49 | ||
| 15 years | 3.049% | 63.73 | 75.63 | 99.42 | 123.21 | 147.00 | 170.79 | ||
| 10 years | 3.023% | 74.24 | 82.76 | 99.80 | 116.84 | 133.88 | 150.93 | ||
| 5 years | 2.892% | 86.71 | 91.31 | 100.50 | 109.68 | 118.87 | 128.06 | ||
| 2 years | 3.119% | 94.04 | 95.95 | 99.77 | 103.59 | 107.41 | 111.23 | ||
| 1 year | 3.760% | 96.38 | 97.34 | 99.27 | 101.20 | 103.12 | 105.05 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||