 
        
                    
            2-year Singapore Government Securities bond fetched 0.48% yield
The $2.7 billion 2-year bond re-opening is the largest 2-year SGS bond offering since February 2004.
	According to OCBC, it fetched an averaged yield of 0.48% with a tight tail of 2bps for a cut-off yield of 0.5%. This is a record low based on records going back to 1987. The bond also has a bid-cover ratio of 2.03x (low since Feb 2007).
	 
 
  
                     
  
                     
                                       
                                       
                                       
                                       
                                                           
                                                           
                                                           
                                                           
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                             
                             
                     
                             
                             
                     
                             
                             
                     
                             
                 
                 
                 
                 
                 
                 
                