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.
Regards,
Winson Phoon, ACA
(65) 6231 5831
Se Tho Mun Yi
(603) 2074 7606
This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents.
Opinions, conclusions and other information in this message that do not relate to the official business of Maybank Kim Eng Securities Pte Ltd (incorporated in Singapore) and/or its related companies (collectively, "Maybank Group") shall be understood as neither given nor endorsed by Maybank Group.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.