Singapore Fixed Income Indices (SFI) Weekly

Key highlights for the week ending 9 January 2015

The SFI gained 0.84% to an all-time high of 120.32.
YTD, the SFI currently outperforms the STI by 1.45% (+0.66% vs. -0.79%)
Government bonds (SFI Government Bond Index) gained 1.20%, reaching an all-time high of 118.54. Corporate bonds (SFI Corporate Bond Index) also closed the week higher (+0.27%), reversing last week’s losses.
2014 was a record year for debt securities listings on SGX. Of the 149 bond issuances in 2014, 73% were listed on SGX (2013: 140 bond issuances; 58% listed on SGX).
The 3-month SIBOR has risen 49% since 1 December 2014 to its current value of 0.639%, the highest value since 16 April 2010 (0.659%). The exchange rate between the Singapore Dollar and US Dollar on 5 January 2015 (1.336) hit a level not seen since 20 September 2010 (1.334).

SFI Returns

Index	Total Return (%)			Interest Yield (%)	Yield to Maturity (%)
Index	Week	MTD	YTD	Current	Current
SFI	0.84%	0.66%	0.66%	2.851%	2.436%
SFI Government Bond Index	1.20%	0.98%	0.98%	2.589%	2.071%
SFI Corporate Bond Index	0.27%	0.15%	0.15%	3.275%	3.208%
- SFI Statutory Board Bond Index	0.44%	0.30%	0.30%	2.338%	2.564%
- SFI Industrial Bond Index	0.08%	-0.04%	-0.04%	4.166%	3.752%
- SFI Financial Bond Index	0.21%	0.11%	0.11%	3.803%	3.559%
SFI 1-3 Year Bond Index	0.05%	-0.01%	-0.01%	2.769%	1.951%
SFI 3-5 Year Bond Index	0.30%	0.19%	0.19%	2.717%	2.037%
SFI 5-7 Year Bond Index	0.57%	0.42%	0.42%	2.881%	2.300%
SFI 7-10 Year Bond Index	1.14%	0.87%	0.87%	2.903%	2.429%
SFI 10+ Year Bond Index	2.74%	2.32%	2.32%	3.071%	2.737%
Equity Benchmark: Straits Times Index¹	-0.95%	-0.79%	-0.79%	N/A	N/A

Source: Thomson Reuters Datastream (data as of 12 January 2015)

¹Performance is measured on a price return basis for the Straits Times Index.

Singapore Fixed Income Indices (SFI) Weekly - 12 January 2015