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SIBOR jumps to six-year high of 0.973% while fixed income indices decline
Both government and corporate bonds declined last week.
The 3-month Singapore Interbank Offered Rate (SIBOR) jumped to a six-year high of 0.973% on Friday, its highest since hitting 0.979% on Janaury 7 2009.
Meanwhile, the Singapore Fixed Income Indices (SFI) declined 0.30% to 119.05 last week, as both government and corporate bond indices sustained losses.
Government bonds have fallen 3.13% since the end of January 2015, making it one of the weaker performers year-to-date within the SFI.
The SGD appreciated 0.64% against the USD, bringing the year-to-date depreciation to 4.31%.
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