Demand at MAS's Auction of 15-Year Govt Bonds Likely to Be Supportive -- Market Talk

Dow Jones07-25

0151 GMT - Investor demand at the Monetary Authority of Singapore's auction next week of S$1.7 billion of 15-year government bonds is likely to be supportive, Victor Yong, interest rates strategist at UOB Global Economics & Markets Research, says in a note. When compared with this year's supply of securities with tenors of 10-years or longer, Monday's auction will be the smallest on a duration-adjusted basis, Yong says. This suggests that "price concession" pressures may be muted given the manageable supply duration, Yong says. Overall, UOB isn't expecting the auction to perform too badly, he adds. The auction is a re-opening of an existing bond. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

July 24, 2024 21:51 ET (01:51 GMT)

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This suggests that \"price concession\" pressures may be muted given the manageable supply duration, Yong says. Overall, UOB isn't expecting the auction to perform too badly, he adds. The auction is a re-opening of an existing bond. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 24, 2024 21:51 ET (01:51 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Demand at MAS's Auction of 15-Year Govt Bonds Likely to Be Supportive -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDemand at MAS's Auction of 15-Year Govt Bonds Likely to Be Supportive -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 09:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0151 GMT - Investor demand at the Monetary Authority of Singapore's auction next week of S$1.7 billion of 15-year government bonds is likely to be supportive, Victor Yong, interest rates strategist at...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002620.SGD","symbol_name":"LionGlobal South East Asia SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2454867942","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454867942","pubTimestamp":1721872260,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0151 GMT - Investor demand at the Monetary Authority of Singapore's auction next week of S$1.7 billion of 15-year government bonds is likely to be supportive, Victor Yong, interest rates strategist at UOB Global Economics & Markets Research, says in a note. When compared with this year's supply of securities with tenors of 10-years or longer, Monday's auction will be the smallest on a duration-adjusted basis, Yong says. This suggests that \"price concession\" pressures may be muted given the manageable supply duration, Yong says. Overall, UOB isn't expecting the auction to perform too badly, he adds. The auction is a re-opening of an existing bond. 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When compared with this year's supply of securities with tenors of 10-years or longer, Monday's auction will be the smallest on a duration-adjusted basis, Yong says. This suggests that \"price concession\" pressures may be muted given the manageable supply duration, Yong says. Overall, UOB isn't expecting the auction to perform too badly, he adds. The auction is a re-opening of an existing bond. 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