Singapore isn’t immune to the underlying trends in global bonds and the sale has to overcome the challenge of a yield curve that’s near the flattest on record.
TOKYO: Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative.
The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9bil (US$2.1bil) on Wednesday, the second-largest amount on record for 10-year tenors.
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