Stable income opportunities in Sing dollar bonds

The Singapore dollar bond market demonstrated resilience in 2025, with benchmark rates initially high in January but declining steadily throughout the year. The Sora-OIS curve reflected this trend, with six-month Sora yields dropping nearly 150 basis points and 10-year yields decreasing by about 50 basis points. Domestic government bonds followed suit, with six-month Treasury Bill yields falling approximately 140 basis points and 10-year SGS yields easing by around 70 basis points, resulting in a steeper yield curve by year-end.