Singapore’s Real Yields Seen Drawing Buyers After Selloff
- Bonds weighed by plans to sell new debt for infrastructure
- New debt will be positive for market development: Maybank
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The underperformance of Singapore-dollar bonds is making way for buyers to return as the nation now offers the highest real yields among top-rated countries.
Singapore’s bonds were sold off in mid-February after the government announced plans to sell additional debt to finance infrastructure projects in the city state. The nation’s inflation-adjusted 10-year yield now offers a 62 basis points upside, compared to negative spreads for most other AAA-rated countries.