Singapore bond market to stay 'firm' this year, credit spreads may tighten: OCBC

“On the other hand, credit valuations remain stretched with technicals running ahead of fundamentals in our view,” they added.

The OCBC research team described 2019 as a bumper year for both issuance volumes and credit spreads, which continued to tighten in the secondary market. New issuances of SGD bonds, including those by the Housing Development Board and the Land Transport Authority, increased 11.9 per cent to total S$24.1 billion across 89 issues last year, up from S$21.5 billion across 92 issues in 2018.

“Overall, global risk sentiments appear to have improved significantly, and fears of recession appear to be behind us with a sharp steepening of the yield curve in December 2019,” the analysts wrote.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Extending its golden touch to Singapore’s luxury property marketExtending its golden touch to Singapore’s luxury property market. Read more at straitstimes.com.
Источник: The Straits Times - 🏆 8. / 63 Прочитайте больше »

Fed focuses on repo market exit strategy after avoiding year-end crunchWall Street's worst fears of a year-end funding squeeze never materialized thanks in large part to the quarter-trillion dollars the Federal ...
Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »