“This probably reflects willingness on the part of the authorities to fulfil demand from investors after getting the issuance limit for government securities raised two weeks ago,” Leow mulls in a Jan 21 note.
Investors can tap on opportunities from the sell-off in Singapore Government Securities (SGS) that took place on Jan 20, says DBS Bank Strategist Eugene Low.
He believes that the move is likely a “pre-positioning ahead of the 30-year announcement,” that is expected to be $2.1 billion.
