COUNTRY •
SINGAPORE
Last Update: 28 Jun 2022 11:15 GMT+0
The Singapore 10Y Government Bond has a 3.031% yield.
10 Years vs 2 Years bond spread is 29.9 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 0.64% (last modification in June 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 | 1.614% | +32.8 bp | +98.6 bp | 28 Jun | |||||
| 3 months | 2.021% | +44.3 bp | +149.5 bp | 28 Jun | |||||
| 6 months | 2.259% | +50.9 bp | +175.4 bp | 28 Jun | |||||
| 1 year | 2.260% | +53.0 bp | +179.4 bp | 97.79 | -0.52 % | -1.76 % | 28 Jun | ||
| 2 years | 2.732% | +56.8 bp | +189.0 bp | 94.75 | -1.11 % | -3.65 % | 28 Jun | ||
| 5 years | 2.903% | +43.5 bp | +160.2 bp | 86.67 | -2.09 % | -7.54 % | 28 Jun | ||
| 10 years | 3.031% | +41.1 bp | +143.2 bp | 74.19 | -3.91 % | -13.06 % | 28 Jun | ||
| 15 years | 3.134% | +38.7 bp | +126.9 bp | 62.95 | -5.48 % | -16.94 % | 28 Jun | ||
| 20 years | 3.166% | +37.0 bp | +117.6 bp | 53.61 | -6.94 % | -20.50 % | 28 Jun | ||
| 30 years | 2.962% | +37.9 bp | +95.2 bp | 41.66 | -10.47 % | -24.31 % | 28 Jun | ||
Last Update: 28 Jun 2022 11:15 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 (0.64%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.962% | 232.2 bp | ||||||
| 10 years | 3.031% | 239.1 bp | ||||||
| 5 years | 2.903% | 226.3 bp | ||||||
| 2 years | 2.732% | 209.2 bp | ||||||
| 1 year | 2.260% | 162.0 bp | ||||||
| 3 months | 2.021% | 138.1 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | 47.2 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 17.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 29.9 bp | Yield Curve is flat 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 | 0.64% |
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 3.031% 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 | 280.1 bp | +40.4 bp | +126.1 bp | Compare | |
| Germany 10Y | 137.6 bp | -26.8 bp | -45.9 bp | Compare | |
| France 10Y | 84.0 bp | -28.6 bp | -62.8 bp | Compare | |
| United Kingdom 10Y | 54.4 bp | -15.2 bp | -13.2 bp | Compare | |
| Spain 10Y | 28.9 bp | -24.3 bp | -80.0 bp | Compare | |
| China 10Y | 17.4 bp | +30.4 bp | +139.5 bp | Compare | |
| United States 10Y | -21.8 bp | -9.5 bp | -33.3 bp | Compare | |
| Canada 10Y | -42.7 bp | -25.7 bp | -55.0 bp | Compare | |
| Italy 10Y | -65.3 bp | -37.7 bp | -115.7 bp | Compare | |
| Australia 10Y | -78.8 bp | -15.9 bp | -80.0 bp | Compare | |
| India 10Y | -442.6 bp | +30.4 bp | +45.3 bp | Compare | |
| Russia 10Y | -558.9 bp | +130.1 bp | +122.7 bp | Compare | |
| Brazil 10Y | -975.1 bp | +6.2 bp | -64.3 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 | 2.962% | 41.66 | 61.35 | 100.75 | 140.14 | 179.54 | 218.93 | ||
| 20 years | 3.166% | 53.61 | 68.26 | 97.57 | 126.87 | 156.17 | 185.48 | ||
| 15 years | 3.134% | 62.95 | 74.77 | 98.42 | 122.06 | 145.71 | 169.35 | ||
| 10 years | 3.031% | 74.19 | 82.70 | 99.74 | 116.77 | 133.80 | 150.84 | ||
| 5 years | 2.903% | 86.67 | 91.26 | 100.45 | 109.63 | 118.82 | 128.00 | ||
| 2 years | 2.732% | 94.75 | 96.67 | 100.51 | 104.36 | 108.20 | 112.04 | ||
| 1 year | 2.260% | 97.79 | 98.77 | 100.72 | 102.68 | 104.64 | 106.59 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||