Fixed Income Research
Fixed Income
Analysis and research on government bonds, savings bonds, T-bills, and other interest-bearing fixed income instruments.
Fixed Income & Sovereign Bonds — Modern Portfolio Theory
Expected annualised return vs. risk (std dev). Colour = Sharpe ratio (green = higher, red = lower). Dashed line = Capital Market Line from risk-free rate (3%).
Sovereign BondsHigh SharpeMid SharpeLow Sharpe
| Asset / Bond Instrument | ISIN / Class | Return (ann.) | Risk (std dev) | Sharpe Ratio |
|---|---|---|---|---|
| Singapore SGS 30Y BondSovereign | Sovereign 30Y Benchmark (Sovereign 30Y) | 2.71% | 10.80% | -0.03 |
| Singapore SGS 15Y BondSovereign | Sovereign 15Y Benchmark (Sovereign 15Y) | 2.58% | 7.20% | -0.06 |
| Singapore Government Bond (10Y SGS)Sovereign | Sovereign 10Y Benchmark (SG72C0000004) | 2.53% | 5.20% | -0.09 |
| Singapore SGS 5Y BondSovereign | Sovereign 5Y Benchmark (Sovereign 5Y) | 2.61% | 2.80% | -0.14 |
| Singapore SGS 2Y BondSovereign | Sovereign 2Y Benchmark (Sovereign 2Y) | 2.73% | 1.20% | -0.23 |
| Singapore SGS T-Bills (6-Month)Sovereign | Sovereign 6M Benchmark (Sovereign T-Bill) | 2.82% | 0.15% | -1.20 |
| Singapore Savings Bonds (SSB)Sovereign | Sovereign Savings (Sovereign SSB) | 2.70% | 0.05% | -6.00 |