0533 GMT - The Monetary Authority of Singapore's 2-year government bond auction scheduled for Tuesday is poised to benefit from some tailwinds, OCBC Group Research's Frances Cheung says in a report. "The auction is likely to benefit from the recent upticks in yields, narrowing in the 2s10s segment, and the negative bond/swap spread," the head of FX and rates strategy says. The 2-year sovereign note also shows relative value on bond/swap curve, with bond/swap spread at negative 10 basis points for the Aug. 1, 2028, bond, while bond/swap spreads of other tenors are positive, Cheung adds. The MAS is scheduled to auction 3.1 billion Singapore dollars of 2-year bonds, with MAS intending to take S$300 million. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

May 25, 2026 01:33 ET (05:33 GMT)

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