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Why I still love SGD bonds when stocks are rallying

Wong Hong Wei
Wong Hong Wei  • 5 min read
Why I still love SGD bonds when stocks are rallying
OCBC analyst Wong Hong Wei sees the silver lining in bonds, even when interest rates are close to zero.
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As the adage goes “when stocks go up, bonds go down”, the rallying stock market coupled with the era of the retail investor leaves bonds behind as the unloved asset class. With global interest rates near-zero, can there still be any positive spin to bonds?

Having studied the market for a good half of a decade, I am still happy to recommend Singdollar-denominated (SGD) bonds, hopefully short of confirmation bias.

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