Friday, April 13, 2018

FW: MAS Monetary Policy: Fixed Income View



Singapore MAS Monetary Policy: Fixed Income View

·         MAS has announced a shift from “zero” to “appreciation bias” on the slope of the S$NEER policy band.

·         This should provide some cushion, but not stop the upward pressure on domestic rates, in our view.

·         We maintain a mildly bearish view on SGS, expecting 15-20bps upside on yields in the next 3-6 months.

 Thank you.




Winson Phoon, ACA

(65) 6231 5831


Se Tho Mun Yi

(603) 2074 7606

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