0208 GMT - Singapore's auctions of two-year and 20-year government bonds on Wednesday are likely to draw solid demand, says OCBC Group Research's Frances Cheung. For the two-year sale, there's been recent improvement in the two-year bond/swap spread and a flattening of the two-year/10-year segment of the yield curve, says the head of FX and rates strategy. The 20-year sale is also expected to be "readily absorbed," given the auction's size, the steepening of yield curve's long-end, and recent improvement in the 20-year bond/swap spread, Cheung adds. The MAS will auction S$3.3 billion of two-year sovereign notes, with MAS intending to take S$300 million, and will auction S$1 billion of 20-year bonds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 23, 2026 21:08 ET (02:08 GMT)
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