Key highlights for the week ending 5 December 2014
- The SFI lost 0.03% to 120.02.
- YTD, the STI currently outperforms the SFI by 0.64%.
- The SFI Corporate Bond Index reached an all-time high on 1 December 2014 (124.633), before ending the week marginally lower (-0.04%). Losses were largely driven by a decline in the SFI Financial Bond Index (-0.10%).
- Yield to maturity (YTM) for the SFI Government Bond Index continues to hover around its all-year low (2.07% on 1 December 2014). Year-on-year, the YTM has fallen by 17.5bps. Comparatively, YTM for the SFI Corporate Bond Index has declined 5bps (3.14%).
- 15 constituents with a combined market value of approximately S$2B were added to the SFI during the rebalance on 1 December 2014. The largest inclusion into the SFI was a S$600M issuance by the Housing & Development Board, maturing in 2026 with a 3.22% coupon rate.
SFI Returns
|
Index |
Total Return (%) |
Interest Yield (%) |
Yield to Maturity (%) |
||
|
Week |
MTD |
YTD |
Current |
Current |
|
|
SFI |
-0.03% |
-0.03% |
4.32% |
2.852% |
2.437% |
|
SFI Government Bond Index |
-0.02% |
-0.02% |
4.15% |
2.593% |
2.097% |
|
SFI Corporate Bond Index |
-0.04% |
-0.04% |
4.55% |
3.266% |
3.144% |
|
- SFI Statutory Board Bond Index |
0.02% |
0.02% |
4.24% |
2.332% |
2.496% |
|
- SFI Industrial Bond Index |
-0.06% |
-0.06% |
4.51% |
4.164% |
3.588% |
|
- SFI Financial Bond Index |
-0.10% |
-0.10% |
4.97% |
3.799% |
3.574% |
|
SFI 1-3 Year Bond Index |
-0.14% |
-0.14% |
1.05% |
2.764% |
1.788% |
|
SFI 3-5 Year Bond Index |
-0.16% |
-0.16% |
2.80% |
2.705% |
1.961% |
|
SFI 5-7 Year Bond Index |
-0.12% |
-0.12% |
4.82% |
2.873% |
2.244% |
|
SFI 7-10 Year Bond Index |
-0.06% |
-0.06% |
6.50% |
2.905% |
2.447% |
|
SFI 10+ Year Bond Index |
0.45% |
0.45% |
8.70% |
3.106% |
2.829% |
|
Equity Benchmark: Straits Times Index1 |
-0.78% |
-0.78% |
4.96% |
N/A |
N/A |
Source: Thomson Reuters Datastream (data as of 8 December 2014)
1Performance is measured on a price return basis for the Straits Times Inde
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