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Key highlights for the week ending 12 December 2014
- The SFI gained 0.01% to 120.03.
- YTD, the STI currently outperforms the SFI by 0.62%.
- Losses from government bonds (SFI Government Bond Index; -0.04%) were largely offset by gains from the corporate bond sector (SFI Corporate Bond Index; +0.10%).
- The corporate financial sector (SFI Financial Bond Index) continues to be the strongest performing sector within the SFI suite. The index closed the week at an all-time high (130.39) and currently outperforms both the broader SFI and STI.
- YTD, volatility1 of corporate bonds, as of the end of November 2014 was 1.55% (SFI: 1.90%). This is lower than its volatility for the same time period in 2013 (3.02%) and its historical volatility (2.56%).
SFI Returns
|
Index |
Total Return (%) |
Interest Yield (%) |
Yield to Maturity (%) |
||
|
Week |
MTD |
YTD |
Current |
Current |
|
|
SFI |
0.01% |
-0.01% |
4.33% |
2.853% |
2.443% |
|
SFI Government Bond Index |
-0.04% |
-0.06% |
4.11% |
2.596% |
2.110% |
|
SFI Corporate Bond Index |
0.10% |
0.06% |
4.65% |
3.265% |
3.137% |
|
- SFI Statutory Board Bond Index |
-0.02% |
-0.01% |
4.22% |
2.333% |
2.512% |
|
- SFI Industrial Bond Index |
0.19% |
0.13% |
4.70% |
4.160% |
3.559% |
|
- SFI Financial Bond Index |
0.18% |
0.08% |
5.16% |
3.794% |
3.552% |
|
SFI 1-3 Year Bond Index |
0.03% |
-0.11% |
1.08% |
2.764% |
1.788% |
|
SFI 3-5 Year Bond Index |
0.03% |
-0.13% |
2.83% |
2.706% |
1.965% |
|
SFI 5-7 Year Bond Index |
-0.01% |
-0.13% |
4.81% |
2.874% |
2.255% |
|
SFI 7-10 Year Bond Index |
-0.02% |
-0.08% |
6.48% |
2.907% |
2.457% |
|
SFI 10+ Year Bond Index |
0.01% |
0.46% |
8.71% |
3.107% |
2.832% |
|
Equity Benchmark: Straits Times Index2 |
-0.01% |
-0.79% |
4.95% |
N/A |
N/A |
Source: Thomson Reuters Datastream (data as of 15 December 2014)
1Volatility is annualized and based on daily index returns; the base date for historical volatility is in 2009.
2Performance is measured on a price return basis for the Straits Times Index.
