Singapore Fixed Income Indices (SFI) Weekly

Key highlights for the week ending 23 January 2015

The SFI fell 0.11% to 121.59.
YTD, the SFI currently outperforms the STI by 0.34% (+1.72% vs. +1.38%).
Decline in the SFI’s performance last week was attributed to losses in the government bond segment; the SFI Government Bond Index, fell 0.49% to 120.57.
Conversely, corporate bonds (SFI Corporate Bond Index), saw a third consecutive week of gains (+0.51% to an all-time high of 125.44). YTD, the index has risen 0.94% - its strongest start to the year in its six-year history (historical average: 0.15%).
Statutory board bonds (SFI Statutory Board Bond Index) advanced for a third consecutive week, gaining 0.70%. This is the index’s largest weekly gain since 20 September 2013 (1.26%).
The SFI will be rebalanced next Monday, 2 February 2015.

SFI Returns

Index	Total Return (%)			Interest Yield (%)	Yield to Maturity (%)
Index	Week	MTD	YTD	Current	Current
SFI	-0.11%	1.72%	1.72%	2.824%	2.266%
SFI Government Bond Index	-0.49%	2.21%	2.21%	2.560%	1.894%
SFI Corporate Bond Index	0.51%	0.94%	0.94%	3.253%	3.063%
- SFI Statutory Board Bond Index	0.70%	1.51%	1.51%	2.312%	2.320%
- SFI Industrial Bond Index	0.40%	0.47%	0.47%	4.151%	3.664%
- SFI Financial Bond Index	0.33%	0.58%	0.58%	3.790%	3.494%
SFI 1-3 Year Bond Index	0.05%	0.17%	0.17%	2.767%	1.883%
SFI 3-5 Year Bond Index	0.07%	0.93%	0.93%	2.699%	1.855%
SFI 5-7 Year Bond Index	0.02%	1.54%	1.54%	2.852%	2.106%
SFI 7-10 Year Bond Index	-0.25%	2.55%	2.55%	2.858%	2.215%
SFI 10+ Year Bond Index	-0.55%	4.47%	4.47%	3.010%	2.578%
Equity Benchmark: Straits Times Index¹	3.36%	1.38%	1.38%	N/A	N/A

Source: Thomson Reuters Datastream (data as of 26 January 2015)
¹Performance is measured on a price return basis for the Straits Times Index.

Singapore Fixed Income Indices (SFI) Weekly - 26 January 2015