Outlook for the week
New bond issues may begin tapping the SGD market after a lull in June.
Key economic releases for the week
Last Week Summary
Asia primary bond market kept pace last week with sovereigns active. Both Republic of Philippines and the Government of Mongolia priced jumbo deals last week. Investor momentum was strong pushing average initial price guidance tightening up by 10.5bps to hit 36.9bps. The 10 year US treasury yield inched down to 1.464%. US$9.395bn of bonds was issued from 20 deals. Breakdown: Investment Grade: US$6.825bn, High Yield: US$2.2bn, Non-Rated: US$370mn