Singapore 10-Year Bond Yield

Singapore 10-Year Bond Yield closed down by -6.4% to 1.39 on 23 January 2021 and +-9.15% on a weekly basis. Singapore 10-Year Bond Yield momentum was last calculated at +0.0/100 indicating positive momentum. Singapore 10-Year Bond Yield trend is -50.0/100 indicating a negative trend. Singapore 10-Year Bond Yield momentum exhaustion is -0.55115 indicating Singapore 10-Year Bond Yield is oversold.Singapore 10-Year Bond Yield RSI is 50.5961 .

Singapore 10-Year Bond Yield Chart

Singapore 10-Year Bond Yield

Singapore 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Singapore 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Singapore 10-Year Bond Yield trading signals presented in the Singapore 10-Year Bond Yield statistics table.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Singapore 10-Year Bond Yield SG.10Y 1.39 0 -0.5 -0.55115 50.5961 -6.4 -9.15 -12.58 -0.48857

Singapore 10-Year Bond Yield closed at 1.39 on 23 January 2021. Singapore 10-Year Bond Yield trend was last calculated at -50.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Singapore 10-Year Bond Yield momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Singapore 10-Year Bond Yield momentum exhaustion is -0.55115 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Singapore 10-Year Bond Yield is oversold and a possible reversal is imminent. Singapore 10-Year Bond Yield RSI was last calculated at 50.5961. Singapore 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 0.9025 in a downtrend , 1-quarter moving average: 0.893 in a downtrend and 1-year moving average: 1.0531 in a downtrend. Singapore 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at -6.4%, and weekly return was last recorded at -9.15%. Singapore 10-Year Bond Yield histrorical 20-day volatility was last recorded at 29.5362%, Singapore 10-Year Bond Yield alpha None, Singapore 10-Year Bond Yield beta None and Singapore 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Singapore 10-Year Bond Yield statistics based on historical data since 1970.

Singapore 10-Year Bond Yield News

Singapore 10-Year Bond Yield Factors

Singapore 10-Year Bond Yield

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Singapore PMI vs 10Y SG.FACT.10YPMI 0.815 46.8703 -2.08603
Singapore 10Y vs FX SG.FACT.FX10Y

Singapore Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
FTSE Straits Times Singapore STI 3119 0.5 0.75 0.51137 56.6274 -1.51 0.32 -2.35 -0.1176
Singapore ETF EWS 22.9 1 0.75 0.98388 60.9773 -1.34 -0.09 -4.66 -0.09672
Singapore Dollar US Dollar (SGD/USD) SGDUSD 1.36 -0.5 -1 -1.91838 32.6162 0.5 1.05 2.65 -0.01776
Singapore 5-Year Bond Yield SG.5Y 0.84 -0.5 -1 -0.61963 38.7012 -7.69 -7.69 7.69 -0.69355
Singapore 2-year bond yield SG.2Y 0.37 -0.5 -0.25 -0.58566 35.8787 -6.33 -14.94 -15.91 -0.82253
Singapore Yield Curve SG.YC 1.02 0.5 0.25 0.55749 59.2503 -6.42 -6.85 -11.3 1.22807
Singapore Credit Default Swaps CDS.Singapore 25.56 1 1 2.35775 83.1306 0.33542 0.40132 0.57389 0.18388

Singapore Economic Indicators

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
balance of trade 4609.61 6908.05 -0.332719 -0.200641 -1.0 -1.0 0.3 2021-06-30
bank lending rate 5.25 5.25 0 -0.0150094 -1.0 -1.0 0.1 2020-01-31
banks balance sheet 1536970 1526580 0.00680606 0.0239231 1.0 1.0 0.05 2021-05-31
business confidence 38 32 0.1875 1.92308 1.0 1.0 0.9 2020-07-01
capital flows -6407.9 -16248.2 -0.605624 -1.44273 -1.0 -1.0 0.133333 2021-03-01
car registrations 6254 5453 0.146892 2.01834 -1.0 1.0 0.966667 2021-06-30
central bank balance sheet 527028 522190 0.00926483 0.284435 1.0 1.0 1 2021-03-31
composite pmi 50.1 54.4 -0.0790441 0.159722 1.0 1.0 0.933333 2021-06-30
consumer price index cpi 101.9 101.1 0.00791296 0.0241206 1.0 1.0 1 2021-05-31
core inflation rate 0.8 0.6 0.333333 -5 1.0 1.0 0.0166667 2021-05-31
current account 24625.2 19622.6 0.254941 0.514325 1.0 1.0 0.8 2021-01-31
current account to gdp 17.6 14.3 0.230769 0.213793 -1.0 1.0 0 2020-01-31
deposit interest rate 0.12 0.13 -0.0769231 -0.52 -1.0 -1.0 0.0166667 2021-01-31
exports 49635.5 50969.2 -0.0261668 0.263379 1.0 1.0 0.966667 2021-06-30
external debt 2237430 2210680 0.0121003 0.137437 1.0 1.0 0.35 2021-01-01
fiscal expenditure 7214.5 3761.6 0.917934 -0.416043 -1.0 -1.0 0.0333333 2021-05-31
foreign direct investment 30329.1 27000.9 0.123263 -0.158149 -1.0 -1.0 0.25 2020-10-01
foreign exchange reserves 535459 525770 0.0184282 0.215146 1.0 1.0 0.9 2021-06-30
gdp 372.063 373.217 -0.00309203 1.05626 1.0 1.0 0 2019-01-31
Real GDP 121079 117400 0.0313373 0.0305824 1.0 1.0 0.0666667 2021-03-31
gdp growth -2 3.1 -1.64516 -5 -1.0 -1.0 0.05 2021-04-01
gdp growth annual 14.3 1.3 10 2.1087 1.0 1.0 1 2021-04-01
gold reserves 127.4 127.4 0 0 -1.0 -1.0 0.508333 2019-06-01
government budget -13.9 -0.3 45.3333 -2.71182 -1.0 -1.0 0 2019-02-28
Government budget 3193.2 1604.9 0.989657 -1.40774 1.0 1.0 0.183333 2021-05-31
government debt 728756 704721 0.0341057 0.409335 1.0 1.0 0.95 2020-07-01
government debt to gdp 131 126.3 0.037213 0.374607 1.0 1.0 0 2019-02-28
government revenues 10407.7 5366.5 0.939383 1.30106 1.0 1.0 0.95 2021-05-31
housing index 163.7 162.2 0.00924784 0.0986577 1.0 1.0 0.4 2021-04-01
imports 45025.9 44061.1 0.0218969 0.30249 1.0 1.0 0.983333 2021-06-30
industrial production 30 2.3 12.0435 -4.79747 1.0 1.0 0.1 2021-05-31
industrial production mom 7.2 -0.4 -19 -1.4586 1.0 1.0 0.35 2021-05-31
inflation cpi 2.4 2.1 0.142857 7 1.0 1.0 0.983333 2021-05-31
interbank rate 0.44 0.44 0 0 -1.0 -1.0 0.4 2021-06-02
loans to private sector 693724 692174 0.00223932 0.0123471 1.0 1.0 0.3 2021-05-31
manufacturing pmi 50.8 50.7 0.00197239 0.0583333 1.0 1.0 0.95 2021-06-30
money supply m0 55362.7 55255.3 0.0019437 0.0817633 1.0 1.0 0.333333 2021-05-31
money supply m1 272111 271602 0.00187407 0.165348 1.0 1.0 0.783333 2021-05-31
money supply m2 729258 733101 -0.00524212 0.0698282 1.0 1.0 0.633333 2021-05-31
money supply m3 742505 746142 -0.00487441 0.0676505 1.0 1.0 0.65 2021-05-31
new home sales 1262 1296 -0.0262346 3.55596 1.0 1.0 1 2021-04-30
Producer Price Index 97.58 95.79 0.0186867 0.0923053 1.0 1.0 0.85 2021-05-31
PPI Index 18.1 17.8 0.0168539 -2.23973 1.0 1.0 0.166667 2021-05-31
retail sales MoM -6.8 -1.4 3.85714 -0.669903 -1.0 1.0 0.666667 2021-05-31
retail sales 79.7 54 0.475926 -2.54457 1.0 1.0 0.15 2021-05-31
unemployment rate 2.9 3.3 -0.121212 0.45 1.0 1.0 0.966667 2020-11-30
interest rate 0.08 0.21 -0.619048 -0.953488 -1.0 -1.0 0.0333333 2020-09-30

Singapore 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: Singapore 10-Year Bond Yield momentum, Singapore 10-Year Bond Yield trend, Singapore 10-Year Bond Yield oscillator, Singapore 10-Year Bond Yield RSI and Singapore 10-Year Bond Yield returns.

Singapore 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarSingapore 10-Year Bond Yield momentum signal ranges from -100 to +100. The Singapore 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Singapore 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Singapore 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Singapore 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Singapore 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

Singapore 10-Year Bond Yield trend

Singapore 10-Year Bond Yield trend signal ranges from -100 to +100. Singapore 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Singapore 10-Year Bond Yield Closing price vs Singapore 10-Year Bond Yield moving average (MA) calculation: If Singapore 10-Year Bond Yield is greater than Singapore 10-Year Bond Yield MA value is +1, else -1, 2. Singapore 10-Year Bond Yield Moving average slope calculation: if current Singapore 10-Year Bond Yield moving average is higher than the previous MA, Singapore 10-Year Bond Yield upward slope +1, else -1
Singapore 10-Year Bond Yield trend model can be used as a trend strength indicator. Singapore 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Singapore 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Singapore 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Singapore 10-Year Bond Yield is in an uptrend when Singapore 10-Year Bond Yield price is higher than the 52-week moving average and the Singapore 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Singapore 10-Year Bond Yield oscillator and Singapore 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Singapore 10-Year Bond Yield oscillator

The Singapore 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Singapore 10-Year Bond Yield price versus Singapore 10-Year Bond Yield 1-year simple moving average price. The formula for the Singapore 10-Year Bond Yield oscillator is:
Singapore 10-Year Bond Yield oscillator = (Current Price – 250 trading days Singapore 10-Year Bond Yield simple moving average price) / (250 days Singapore 10-Year Bond Yield price standard deviation)

Singapore 10-Year Bond Yield oversold conditions
Singapore 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Singapore 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Singapore 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Singapore 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Singapore 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Singapore 10-Year Bond Yield RSI.
Singapore 10-Year Bond Yield overbought conditions
Singapore 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Singapore 10-Year Bond Yield is overbought it is often due for a correction. Values of the Singapore 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Singapore 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Singapore 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Singapore 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Singapore 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Singapore 10-Year Bond Yield returns

MacroVar calculates Singapore 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Singapore 10-Year Bond Yield returns = (Singapore 10-Year Bond Yield Closing Price – Singapore 10-Year Bond Yield Previous Price)/(Singapore 10-Year Bond Yield Previous Price)
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