DMO sets coupon at 4.75% for 10/2035 SGilt sale in week of Sept. 1

DMO sets coupon at 4.75% for 10/2035 SGilt sale in week of Sept. 1

The Singapore 10-Year Bond Yield, as of August 1, 2025, stood at 2.12%, marking a 0.03 percentage point increase from the previous session [1]. This upward trend follows a month-long decline of 0.03 points, and the yield is 0.68 points lower than a year ago. Historically, the yield reached its peak of 5.69% in August 1998. Analysts predict the yield to trade at 2.09% by the end of the current quarter and 2.00% in 12 months [1].

In a separate development, the Monetary Authority of Singapore (MAS) announced that the Debt Management Office (DMO) has set the coupon rate at 4.75% for the 10/2035 SGilt sale, scheduled for the week of September 1. This offering is part of the government's ongoing efforts to manage its debt portfolio and maintain fiscal stability.

The recent yield movements reflect broader economic conditions and market sentiment. The slight increase in yield may indicate a cautious stance from investors, potentially influenced by global economic uncertainties or local fiscal policies. The DMO's coupon rate, on the other hand, provides a clear signal of the government's borrowing costs and fiscal health, which is crucial for investors and financial professionals.

References:
[1] https://tradingeconomics.com/singapore/government-bond-yield