COUNTRY •
SINGAPORE
Last Update: 30 Mar 2023 5:15 GMT+0
The Singapore 10Y Government Bond has a 2.993% yield.
10 Years vs 2 Years bond spread is -12.5 bp. Yield Curve is inverted in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.08% (last modification in March 2023).
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 | 3.994% | -4.1 bp | +106.8 bp | 29 Mar | |||||
| 3 months | 3.974% | -9.4 bp | +75.2 bp | 29 Mar | |||||
| 6 months | 3.720% | -26.4 bp | +46.9 bp | 29 Mar | |||||
| 1 year | 3.474% | -39.8 bp | +25.5 bp | 96.64 | +0.38 % | -0.25 % | 29 Mar | ||
| 2 years | 3.118% | -64.9 bp | -27.3 bp | 94.04 | +1.26 % | +0.52 % | 30 Mar | ||
| 5 years | 2.954% | -47.8 bp | -58.0 bp | 86.45 | +2.34 % | +2.84 % | 30 Mar | ||
| 10 years | 2.993% | -46.4 bp | -49.7 bp | 74.46 | +4.59 % | +4.93 % | 30 Mar | ||
| 15 years | 2.872% | -48.6 bp | -54.2 bp | 65.39 | +7.32 % | +8.19 % | 30 Mar | ||
| 20 years | 2.785% | -36.7 bp | -58.4 bp | 57.73 | +7.38 % | +11.99 % | 30 Mar | ||
| 30 years | 2.510% | -33.8 bp | -73.4 bp | 47.53 | +10.36 % | +23.84 % | 30 Mar | ||
| 50 years | 2.526% | -22.0 bp | n.a. | 28.73 | +11.31 % | n.a. | 29 Mar | ||
Last Update: 30 Mar 2023 5:15 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 (4.08%) |
|||||
|---|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | 10 years | ||||
| 30 years | 2.510% | -157.0 bp | ||||||
| 10 years | 2.993% | -108.7 bp | ||||||
| 5 years | 2.954% | -112.6 bp | ||||||
| 2 years | 3.118% | -96.2 bp | ||||||
| 1 year | 3.474% | -60.6 bp | ||||||
| 3 months | 3.974% | -10.6 bp | ||||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -35.6 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -16.4 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | -12.5 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 | 4.08% |
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 2.993% 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 | 267.4 bp | -28.2 bp | -57.3 bp | Compare | |
| Germany 10Y | 67.8 bp | -3.0 bp | -69.4 bp | Compare | |
| France 10Y | 16.3 bp | -6.7 bp | -59.4 bp | Compare | |
| China 10Y | 12.3 bp | -39.0 bp | -58.5 bp | Compare | |
| Canada 10Y | 3.2 bp | +7.8 bp | -28.8 bp | Compare | |
| Spain 10Y | -36.0 bp | -2.9 bp | -54.3 bp | Compare | |
| Australia 10Y | -36.5 bp | +11.2 bp | +5.4 bp | Compare | |
| United Kingdom 10Y | -47.0 bp | +1.7 bp | +12.3 bp | Compare | |
| United States 10Y | -59.4 bp | +1.2 bp | -24.7 bp | Compare | |
| Italy 10Y | -116.2 bp | -0.0 bp | -14.5 bp | Compare | |
| India 10Y | -430.3 bp | -33.0 bp | -39.5 bp | Compare | |
| Russia 10Y | -732.7 bp | +21.6 bp | -57.7 bp | Compare | |
| Brazil 10Y | -996.5 bp | +11.3 bp | -149.2 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% | ||||
| 50 years | 2.526% | 28.73 | 56.94 | 113.37 | 169.81 | 226.24 | 282.67 | ||
| 30 years | 2.510% | 47.53 | 68.44 | 110.24 | 152.05 | 193.85 | 235.66 | ||
| 20 years | 2.785% | 57.73 | 72.91 | 103.26 | 133.62 | 163.97 | 194.33 | ||
| 15 years | 2.872% | 65.39 | 77.44 | 101.54 | 125.64 | 149.74 | 173.84 | ||
| 10 years | 2.993% | 74.46 | 82.99 | 100.06 | 117.13 | 134.19 | 151.26 | ||
| 5 years | 2.954% | 86.45 | 91.04 | 100.21 | 109.38 | 118.55 | 127.73 | ||
| 2 years | 3.118% | 94.04 | 95.95 | 99.77 | 103.60 | 107.42 | 111.24 | ||
| 1 year | 3.474% | 96.64 | 97.61 | 99.54 | 101.47 | 103.41 | 105.34 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||