Investors can buy and sell Singapore government bonds on the city-state’s bourse from July 8, according to a statement from the exchange operator.
A total of 19 notes maturing in two years or more totaling $74 billion will be available for trading, the Singapore Exchange said in the statement. Currently, investors can buy or sell the securities through only dealer banks.
A total of 19 notes maturing in two years or more totaling $74 billion will be available for trading, the Singapore Exchange said in the statement. Currently, investors can buy or sell the securities through only dealer banks.
“Trading of Singapore government bonds on the Singapore exchange will make the price-discovery process more efficient and transparent, thereby reducing trading cost for investors,” Tng Kwee Lian, head of fixed income at the exchange, said in a statement.
Singapore’s local-currency bonds have returned 3.25% this year, the third-best performance among 10 local-currency debt indexes tracked by HSBC Holdings Plc.
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