Singapore Government Bond 10Y

The Singapore Government Bond 10Y decreased to 2.44 percent in April from 2.52 percent in March of 2014. Singapore Government Bond 10Y averaged 2.97 from 1998 until 2014, reaching an all time high of 5.69 in August of 1998 and a record low of 1.30 in December of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid. This page provides - Singapore Government Bond 10Y - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.44 2.52 5.69 1.30 2.39 | 2014/05 1998 - 2014 Percent Daily

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Singapore Government Bond 10Y
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Markets Last Previous Highest Lowest Forecast Unit
Stock Market 3198.22 2014-04-11 3172.17 3875.77 1213.82 3166.45 2014-05-31 Index points [+]
Government Bond 10Y 2.44 2014-04-17 2.52 5.69 1.30 2.39 2014-05-31 Percent [+]
Currency 1.25 2014-04-18 1.26 2.31 1.20 1.25 2014-05-31 [+]
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Government Bond 10Y | Notes
A government bond is a security issued by a national government denominated in the country's own currency. The most common process of issuing bonds is through underwriting. In underwriting, one or more securities firms or banks, forming a syndicate, buy an entire issue of bonds from an issuer and re-sell them to investors. The security firm takes the risk of being unable to sell on the issue to end investors. However government bonds are instead typically auctioned. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The first ever government bond was issued by the English government in 1693 to raise money to fund a war against France. In the past, Government bonds were usually referred to as risk-free bonds, because governments could easily devaluate their currencies or raise taxes to redeem the bond at maturity. However, the recent downgrade of the United States debt rating and the on-going sovereign debt crisis in the European Union has cast serious doubts into those risk-free assumptions. Moreover, unless governments issue inflation-indexed bonds, there is inflation risk, in that the principal repaid at maturity will have less purchasing power than anticipated if the inflation outturn is higher than expected.


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The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
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Singapore's economy advanced 0.1 percent in the first quarter of 2014 on a quarter-on-quarter seasonally-adjusted annualized basis, slowing sharply from 6.1 percent in the preceding quarter. It is the lowest growth rate since the second quarter of 2012.
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The Singapore economy grew by 5.1 percent on a year-on-year basis in the first quarter of 2014, lower than the 5.5 percent growth in the previous quarter, according to advance estimates. While manufacturing and construction accelerated, the services sector slowed.
Singapore Inflation Rate Slows to 4-Year Low  
In February of 2014, Singapore’s annual inflation rate slowed sharply to 0.4 percent, the lowest level since January of 2010, due to a sharp drop in car prices which largely reflected a higher base in February last year.
Singapore Trade Surplus Increases in February  
Singapore’s trade surplus widened 8 percent over the previous month and 74.4 percent over a year earlier, boosted by higher exports of petrochemicals and pharmaceuticals.
Singapore Unemployment Rate Confirmed at 1.8% in Q4  
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In January of 2014, Singapore’s annual inflation rate inched down to 1.4 percent from 1.5 percent in December last year, due to a more moderate increase in accommodation cost and a larger decline in private road transport cost. On a monthly basis, prices rose 0.1 percent.
Singapore’s Q4 2013 GDP Revised to Growth From Contraction  
In the last quarter of 2013, Singapore’s GDP expanded at an annualized seasonally adjusted 6.1 percent over the previous quarter, a reversal from the 2.7 percent contraction estimated in January, and up from 0.3 percent in the previous three-month period.
Singapore Economy Grows 5.5% in Q4  
In the fourth quarter of 2013, Singapore GDP expanded 5.5 percent compared to a year ago, faster than the advance estimate of 4.4 percent.
Singapore’s Trade Surplus Widens in January Over a Year Earlier  
In the first month of 2014, Singapore’s trade surplus narrowed 6.2 percent over December to SGD 3.97 billion. However, compared with the same month last year, it widened 114.7 percent, as exports rose 2.9 percent while imports contracted 0.9 percent.
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The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
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