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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore 20-Year Bond Auction climbed to 2.8% in March 2023
FMPMonthlyReleased March 2023
Singapore 20-Year Bond Auction climbed to 2.8% in March 2023, up 0.94% from February's 1.86% reading.
Latest Release
2.800000
Actual
—
Consensus
1.860000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
20-Year Bond Auction (Singapore) was reported at 2.8% in March 2023. The reading rose from the previous value of 1.86%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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20-Year Bond Auction - SG
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About 20-Year Bond Auction — Singapore
DEFINITION
The 20-Year Bond Auction is a financial indicator that measures the demand and interest rates for government-issued bonds with a maturity of 20 years. This auction is conducted by the government to raise funds for long-term projects and investments. The results of the auction provide insight into the current market sentiment and can impact the overall economy and interest rates. Investors and analysts closely monitor this indicator as it can provide valuable information for making investment decisions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2023): actual 2.8 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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