Singapore’s monetary policy to keep bond yields high and strengthen SGD

Investors are keeping a positive outlook on locally issued bonds and overseas investments, as Singapore’s tightening of its monetary policy is anticipated to keep yields high and strengthen the Singapore dollar (SGD), experts said. The Monetary Authority of Singapore (MAS) announced on October 14 that it would raise the slope of its Nominal Effective Exchange Rate, or S$NEER, after keeping it at 0% since the onset of the pandemic in March last year. The decision came as the S$NE…