Buyers are also encouraged by a less hawkish sounding Federal Reserve and a near two-year low local core inflation as a result of the Monetary Authority of Singapore’s tight policy.
Singapore's sovereign bonds are drawing in buyers after last month’s selloff as the nation’s tight monetary policy tames inflation.
The yield on the island nation’s 10-year note has fallen to around 3.28% from a six-month high of 3.47% touched late last month. Despite the drop, it remains at a level that was hit only about 10% of the time in the past three years, suggesting room for further declines.
