Government bond yield · Singapore
Singapore MAS 12-Week Bill Auction
The Singapore MAS 12-Week Bill Auction is the yield on Singapore's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
- Важность
- Low
- Опубликовано
- Weekly
- Следующая публикация
- Валюта
- SGD · Singapore dollar
- Центральный банк
- The Monetary Authority of Singapore
Последние данные
Последняя публикация вышла 2026-11-03; значение: 1.84%. Это ниже, чем 1.87% в прошлый раз.
За последние 12 публикаций значение колебалось от 1.47% до 1.88%, в среднем 1.74%.
| Опубликовано | Для | Факт | Консенсус | Предыдущее |
|---|---|---|---|---|
| 3 Nov 2026 | – | 1.84% | – | 1.87% |
| 27 Oct 2026 | – | 1.87% | – | 1.87% |
| 20 Oct 2026 | – | 1.87% | – | 1.84% |
| 13 Oct 2026 | – | 1.84% | – | 1.85% |
| 6 Oct 2026 | – | 1.85% | – | 1.88% |
| 29 Sep 2026 | – | 1.88% | – | 1.75% |
| 22 Sep 2026 | – | 1.75% | – | 1.74% |
| 15 Sep 2026 | – | 1.74% | – | 1.60% |
| 8 Sep 2026 | – | 1.60% | – | 1.65% |
| 1 Sep 2026 | – | 1.65% | – | 1.49% |
| 25 Aug 2026 | – | 1.49% | – | 1.47% |
| 18 Aug 2026 | – | 1.47% | – | 1.48% |
Почему это важно
Government yields are the base of every other interest rate. Short maturities follow the Monetary Authority of Singapore's policy rate closely; long ones reflect expected growth, inflation and the risk of holding long debt. Higher yields relative to other countries attract capital and support the Singapore dollar; the gap between long and short yields (the yield curve) is a classic recession signal when it turns negative.
Как считается
The yield is the interest rate that makes the present value of the bond's coupons and repayment equal to its price; on a calendar it often reports the average yield at a government auction.
Price = Σ coupon ÷ (1 + y)ᵗ + face ÷ (1 + y)ᵀ
Inflation-linked (TIPS) yield ≈ nominal yield − expected inflationЧто означают изменения
- Yields rise when prices of bonds fall: strong data and hawkish central banks push yields up.
- An inverted curve (2-year above 10-year) has preceded most US recessions, with a lag of a year or more.
- Inflation-linked yields show the real (after-inflation) return.
Краткая история
Government bond markets go back to the Dutch and English debt of the 17th century; the US Treasury yield curve has been watched as a recession signal since research by Campbell Harvey in the 1980s.
MAS steers the Singapore dollar's exchange rate rather than an interest rate.
Вопросы
What is the Singapore MAS 12-Week Bill Auction?
The Singapore MAS 12-Week Bill Auction is the yield on Singapore's government debt of that maturity: the annual return an investor earns by buying the bond or bill at today's price and holding it to maturity.
What was the latest Singapore MAS 12-Week Bill Auction?
1.84%, published on 3 November 2026.
When is the next Singapore MAS 12-Week Bill Auction?
On Wednesday 11 November 2026 at 05:00 UTC.
Только образовательный материал, не инвестиционная рекомендация. Цифры — опубликованные результаты в том виде, в каком их записал наш календарь; описанные реакции рынка типичны, но не гарантированы.