In a World of Negative Yields, Singapore Still Pays Interest
- The city state will auction 10-year notes on Aug. 28
- Yield curve near flattest level ever poses challenge
Commercial buildings in the central business district (CBD) stand in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative.
The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9 billion ($2.1 billion) on Wednesday, the second-largest amount on record for 10-year tenors.