The SGD bond market has evolved in tandem with Singapore’s economic growth, now ranking as the fourth-largest local currency bond market in Asia. Singapore Government Securities and quasi-sovereign bonds account for about 76% of the market, with corporate issuances increasing steadily.
Singapore’s Singdollar (SGD) bond market continues to draw investors seeking quality, stability and consistent returns, even as global markets remain volatile and interest rates decline. The republic’s AAA sovereign rating and a mature, diversified bond market have put Singapore in a leading position among Asian and developed markets.
“Even after recent gains, SGD bonds offer similar or better returns on a hedged basis when compared to their equivalents in developed markets,” say Wei Ming Cheong and Benedict Phua, portfolio managers at Eastspring Singapore, in an August report.
