Singapore Bonds Break From Treasuries as Haven Demand Grows
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Singapore sovereign-bond sensitivity to Treasuries has declined, an indication that investors are looking for alternatives to dollar assets.Moves in the two markets have become almost independent of each other, after their correlation fell to nearly zero. Singapore’s fiscal discipline is boosting the appeal of its AAA-rated bonds which are graded above Treasuries amid concern over government finances in the US.