Prøve GULL - Gratis
Snowballing cash levels in Singapore boost local bonds
The Straits Times
|September 05, 2025
The recent build-up of cash in Singapore's money market is strengthening demand for the nation's bonds, driving returns to near the highest in the region.
-
HONG KONG -
The cost of borrowing in the interbank market fell to the lowest since June 2022 this week, after tumbling more than 70 basis points in August.
Inflows driven by expectations of further currency strength, dwindling net bill sales and slower loan disbursals have enhanced the city's cash levels, a mix that is likely to keep overnight rates subdued.
Adding to its cash levels are foreign investments into Singapore's bonds, which are underpinned by the country's top credit rating.
The securities are increasingly viewed as safe haven alternatives to US assets amid concerns over President Donald Trump's fiscal policies.
"Singapore dollar liquidity conditions could remain flush in the near term amid demand for AAA-rated currency markets" and restrained property loan growth, said Mr Philip McNicholas, Asia sovereign strategist at Robeco in Singapore.
Denne historien er fra September 05, 2025-utgaven av The Straits Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Straits Times
The Straits Times
Singapore can tackle deeper forms of stigma through empowerment
In recent years, Singapore has made important strides in addressing mental health stigma.
3 mins
October 13, 2025
The Straits Times
Bonfire of the middle managers
Why firms are 'delayering'.
3 mins
October 13, 2025
The Straits Times
Insurance A balanced picture of ILPs and financial advisers needed
Recent articles have drawn attention to investment-linked insurance plans (ILPs).
1 mins
October 13, 2025
The Straits Times
New bus services by end-2025 for areas farther away from city
Residents in areas like Bt Panjang, Punggol and Tengah can get to MRT stations faster
4 mins
October 13, 2025
The Straits Times
Community health posts to be enhanced to bring services closer to residents
Community health posts will offer enhanced services from 2026, starting with those in the north of Singapore where there is a higher prevalence of chronic illness, said Health Minister Ong Ye Kung.
2 mins
October 13, 2025
The Straits Times
Should S'pore compel insurers to report ransomware incidents?
Move would help to increase visibility and understanding of full scale of cyber threats
3 mins
October 13, 2025
The Straits Times
Diane Keaton charmed with kooky roles such as Annie Hall
Diane Keaton, the quirky American actress who won an Academy Award and captured hearts with her endearing performance as American director-actor Woody Allen’s eccentric, insecure girlfriend in the 1977 romantic comedy Annie Hall, has died at the age of 79, People reported on Oct Il, citing a family spokesperson.
3 mins
October 13, 2025
The Straits Times
Welcomed reunion on a stunning stage
Twice's Jeongyeon, whose appearance had been uncertain, took the stage with her fellow members at the Singapore Indoor Stadium
3 mins
October 13, 2025
The Straits Times
Pews to power: Churches fight to keep grip on Korean politics
After a series of scandals, South Korea is seeing a backlash against the influence some churches have had on politicians.
6 mins
October 13, 2025
The Straits Times
Curved lines, cosy vibes
Grovve and the revamped Chat are among the venues whose designs aim to better support young people in a range of often-invisible needs
4 mins
October 13, 2025
Listen
Translate
Change font size