Singapore Fixed Income Indices (SFI) Weekly

SFI Weekly

Key highlights for the week ending 2 January 2015

The SFI gained 0.05% to 119.55.
In 2014, the SFI has gained 3.89% (2013: -2.52%). Over the last five years (2010-2014), the SFI has enjoyed a compound annual growth rate (CAGR) of 3.22%.
SFI gains were largely propped up by government bonds (SFI Government Bond Index: +0.17%). Corporate bonds (SFI Corporate Bond Index) however fell 0.13%.
Interest yield for corporate bonds (SFI Corporate Bond Index) is currently at 3.277% (SFI: 2.868%), the highest since 18 Sep 2012 (3.285%). Year-on-year, interest yield for corporate bonds is up 15bps (SFI: +5bps Y-o-Y).
There was no new inclusion to the SFI in the latest index rebalance. Currently, the SFI is represented by 253 issuances with a combined market value of over S$138 billion.

SFI Returns

Index	Total Return (%)			Interest Yield (%)	Yield to Maturity (%)
Index	Week	MTD	YTD	Current	Current
SFI	0.05%	0.02%	0.02%	2.868%	2.540%
SFI Government Bond Index	0.17%	0.01%	0.01%	2.613%	2.211%
SFI Corporate Bond Index	-0.13%	0.02%	0.02%	3.277%	3.223%
- SFI Statutory Board Bond Index	-0.25%	0.01%	0.01%	2.344%	2.616%
- SFI Industrial Bond Index	-0.01%	0.02%	0.02%	4.160%	3.722%
- SFI Financial Bond Index	-0.08%	0.02%	0.02%	3.804%	3.562%
SFI 1-3 Year Bond Index	0.02%	0.02%	0.02%	2.767%	1.915%
SFI 3-5 Year Bond Index	0.05%	0.01%	0.01%	2.720%	2.075%
SFI 5-7 Year Bond Index	0.01%	0.02%	0.02%	2.891%	2.369%
SFI 7-10 Year Bond Index	0.02%	0.02%	0.02%	2.926%	2.540%
SFI 10+ Year Bond Index	0.16%	0.02%	0.02%	3.140%	2.915%
Equity Benchmark: Straits Times Index¹	0.50%	0.16%	0.16%	N/A	N/A

Source: Thomson Reuters Datastream (data as of 5 January 2015)

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

Singapore Fixed Income Indices (SFI) Weekly - 5 January 2015