Singapore 10-Year Government Bond Auction Likely to Draw Solid Demand
Dow Jones
Aug 26
0322 GMT - Singapore's 10-year government bond auction, to be held Thursday, is likely to draw solid demand, OCBC Group Research's Frances Cheung says in a report. The two-year to 10-year segment of the yield curve is relatively steep, compared with its historical shape and the U.S. Treasury's yield curve, the head of foreign-exchange and rates strategy says. Singapore's central bank is scheduled to auction 1.8 billion Singapore dollars of 10-year sovereign securities.
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