Singapore 2-year bond yield

Singapore 2-year bond yield closed down by -6.33% to 0.37 on 23 January 2021 and +-14.94% on a weekly basis. Singapore 2-year bond yield momentum was last calculated at -50.0/100 indicating negative momentum. Singapore 2-year bond yield trend is -25.0/100 indicating a negative trend. Singapore 2-year bond yield momentum exhaustion is -0.58566 indicating Singapore 2-year bond yield is oversold.Singapore 2-year bond yield RSI is 35.8787 .

Singapore 2-year bond yield Chart

Singapore 2-year bond yield

Singapore 2-year bond yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Singapore 2-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 2-year bond yield trading signals presented in the Singapore 2-year bond yield statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Singapore 2-year bond yieldSG.2Y0.37-0.5-0.25-0.5856635.8787-6.33-14.94-15.91-0.82253

Singapore 2-year bond yield closed at 0.37 on 23 January 2021. Singapore 2-year bond yield trend was last calculated at -25.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Singapore 2-year bond yield momentum was last calculated at -50.0/100 (range: -100 to +100) indicating negative momentum. Singapore 2-year bond yield momentum exhaustion is -0.58566 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Singapore 2-year bond yield is oversold and a possible reversal is imminent. Singapore 2-year bond yield RSI was last calculated at 35.8787. Singapore 2-year bond yield moving averages were last recorded as follows: 1-month moving average: 0.322 in a downtrend , 1-quarter moving average: 0.27433 in an uptrend and 1-year moving average: 0.51121 in a downtrend. Singapore 2-year bond yield annual return was last recorded at None%, daily return was last recorded at -6.33%, and weekly return was last recorded at -14.94%. Singapore 2-year bond yield histrorical 20-day volatility was last recorded at 68.833%, Singapore 2-year bond yield alpha None, Singapore 2-year bond yield beta None and Singapore 2-year bond yield maximum drawdown was recorded at None%. MacroVar models monitor Singapore 2-year bond yield statistics based on historical data since 1970.

Singapore 2-year bond yield News

Singapore 2-year bond yield Factors

Singapore 2-year bond yield

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Singapore 2Y vs FXSG.FACT.FX2Y

Singapore Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
FTSE Straits Times SingaporeSTI31190.50.750.5113756.6274-1.510.32-2.35-0.1176
Singapore ETFEWS22.910.750.9838860.9773-1.34-0.09-4.66-0.09672
Singapore Dollar US Dollar (SGD/USD)SGDUSD 1.36-0.5-1-1.9183832.61620.51.052.65-0.01776
Singapore 5-Year Bond YieldSG.5Y0.84-0.5-1-0.6196338.7012-7.69-7.697.69-0.69355
Singapore 2-year bond yieldSG.2Y0.37-0.5-0.25-0.5856635.8787-6.33-14.94-15.91-0.82253
Singapore Yield CurveSG.YC1.020.50.250.5574959.2503-6.42-6.85-11.31.22807
Singapore Credit Default SwapsCDS.Singapore25.56112.3577583.13060.335420.401320.573890.18388

Singapore Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade4609.616908.05-0.332719-0.200641-1.0-1.00.32021-06-30
bank lending rate5.255.250-0.0150094-1.0-1.00.12020-01-31
banks balance sheet153697015265800.006806060.02392311.01.00.052021-05-31
business confidence38320.18751.923081.01.00.92020-07-01
capital flows-6407.9-16248.2-0.605624-1.44273-1.0-1.00.1333332021-03-01
car registrations625454530.1468922.01834-1.01.00.9666672021-06-30
central bank balance sheet5270285221900.009264830.2844351.01.012021-03-31
composite pmi50.154.4-0.07904410.1597221.01.00.9333332021-06-30
consumer price index cpi101.9101.10.007912960.02412061.01.012021-05-31
core inflation rate0.80.60.333333-51.01.00.01666672021-05-31
current account24625.219622.60.2549410.5143251.01.00.82021-01-31
current account to gdp17.614.30.2307690.213793-1.01.002020-01-31
deposit interest rate0.120.13-0.0769231-0.52-1.0-1.00.01666672021-01-31
exports49635.550969.2-0.02616680.2633791.01.00.9666672021-06-30
external debt223743022106800.01210030.1374371.01.00.352021-01-01
fiscal expenditure7214.53761.60.917934-0.416043-1.0-1.00.03333332021-05-31
foreign direct investment30329.127000.90.123263-0.158149-1.0-1.00.252020-10-01
foreign exchange reserves5354595257700.01842820.2151461.01.00.92021-06-30
gdp372.063373.217-0.003092031.056261.01.002019-01-31
Real GDP1210791174000.03133730.03058241.01.00.06666672021-03-31
gdp growth-23.1-1.64516-5-1.0-1.00.052021-04-01
gdp growth annual14.31.3102.10871.01.012021-04-01
gold reserves127.4127.400-1.0-1.00.5083332019-06-01
government budget-13.9-0.345.3333-2.71182-1.0-1.002019-02-28
Government budget3193.21604.90.989657-1.407741.01.00.1833332021-05-31
government debt7287567047210.03410570.4093351.01.00.952020-07-01
government debt to gdp131126.30.0372130.3746071.01.002019-02-28
government revenues10407.75366.50.9393831.301061.01.00.952021-05-31
housing index163.7162.20.009247840.09865771.01.00.42021-04-01
imports45025.944061.10.02189690.302491.01.00.9833332021-06-30
industrial production302.312.0435-4.797471.01.00.12021-05-31
industrial production mom7.2-0.4-19-1.45861.01.00.352021-05-31
inflation cpi2.42.10.14285771.01.00.9833332021-05-31
interbank rate0.440.4400-1.0-1.00.42021-06-02
loans to private sector6937246921740.002239320.01234711.01.00.32021-05-31
manufacturing pmi50.850.70.001972390.05833331.01.00.952021-06-30
money supply m055362.755255.30.00194370.08176331.01.00.3333332021-05-31
money supply m12721112716020.001874070.1653481.01.00.7833332021-05-31
money supply m2729258733101-0.005242120.06982821.01.00.6333332021-05-31
money supply m3742505746142-0.004874410.06765051.01.00.652021-05-31
new home sales12621296-0.02623463.555961.01.012021-04-30
Producer Price Index97.5895.790.01868670.09230531.01.00.852021-05-31
PPI Index18.117.80.0168539-2.239731.01.00.1666672021-05-31
retail sales MoM-6.8-1.43.85714-0.669903-1.01.00.6666672021-05-31
retail sales79.7540.475926-2.544571.01.00.152021-05-31
unemployment rate2.93.3-0.1212120.451.01.00.9666672020-11-30
interest rate0.080.21-0.619048-0.953488-1.0-1.00.03333332020-09-30

Singapore 2-year bond yield Trading Signals


MacroVar estimates the following signals: Singapore 2-year bond yield momentum, Singapore 2-year bond yield trend, Singapore 2-year bond yield oscillator, Singapore 2-year bond yield RSI and Singapore 2-year bond yield returns.

Singapore 2-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 2-year bond yield momentum signal ranges from -100 to +100. The Singapore 2-year bond yield momentum signal is derived as the mean value from 4 calculations for the Singapore 2-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 2-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 2-year bond yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Singapore 2-year bond yield momentum signal moves from positive to negative value or vice-versa.

Singapore 2-year bond yield trend

Singapore 2-year bond yield trend signal ranges from -100 to +100. Singapore 2-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 2-year bond yield Closing price vs Singapore 2-year bond yield moving average (MA) calculation: If Singapore 2-year bond yield is greater than Singapore 2-year bond yield MA value is +1, else -1, 2. Singapore 2-year bond yield Moving average slope calculation: if current Singapore 2-year bond yield moving average is higher than the previous MA, Singapore 2-year bond yield upward slope +1, else -1
Singapore 2-year bond yield trend model can be used as a trend strength indicator. Singapore 2-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 2-year bond yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Singapore 2-year bond yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Singapore 2-year bond yield is in an uptrend when Singapore 2-year bond yield price is higher than the 52-week moving average and the Singapore 2-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 2-year bond yield oscillator and Singapore 2-year bond yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Singapore 2-year bond yield oscillator

The Singapore 2-year bond yield oscillator estimated by MacroVar is the z-score of the current Singapore 2-year bond yield price versus Singapore 2-year bond yield 1-year simple moving average price. The formula for the Singapore 2-year bond yield oscillator is:
Singapore 2-year bond yield oscillator = (Current Price – 250 trading days Singapore 2-year bond yield simple moving average price) / (250 days Singapore 2-year bond yield price standard deviation)

Singapore 2-year bond yield oversold conditions
Singapore 2-year bond yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Singapore 2-year bond yield is oversold it is often due for a rebound. Values of the Singapore 2-year bond yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Singapore 2-year bond yield oscillator must be analyzed ibn conjunction with the rest of Singapore 2-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 2-year bond yield RSI.
Singapore 2-year bond yield overbought conditions
Singapore 2-year bond yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Singapore 2-year bond yield is overbought it is often due for a correction. Values of the Singapore 2-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 2-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 2-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 2-year bond yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Singapore 2-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 2-year bond yield returns

MacroVar calculates Singapore 2-year bond yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Singapore 2-year bond yield returns = (Singapore 2-year bond yield Closing Price – Singapore 2-year bond yield Previous Price)/(Singapore 2-year bond yield Previous Price)
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