Financials with Strong Issuances in the Last 3 Years Could Remain Major Issuers in the Singapore Dollar Market in 2025
SINGAPORE’S debt capital market bounced back after a lacklustre 2023, but still posted a mixed performance in 2024 in the wake of easing interest rates, attractive yields and persistent geopolitical headwinds, market experts told The Business Times.
Market Performance in 2024
Looking ahead to this year, they have remained optimistic about the market’s prospects.
Risks and Challenges
However, Benedict Phua, portfolio manager at Eastspring Investments, pointed to the risk of policy easing by the Monetary Authority of Singapore (MAS) as a potential headwind, which could weaken the Singapore dollar and raise local interest rates.
Conclusion
Despite the risks and challenges, financials with strong issuances in the last three years could remain major issuers in the Singapore dollar market in 2025. The market is expected to continue its mixed performance, with easing interest rates and attractive yields providing support, while geopolitical headwinds and policy easing by the MAS pose potential headwinds.
FAQs
Q: What was the performance of the Singapore debt capital market in 2024?
A: The market posted a mixed performance in 2024, with easing interest rates, attractive yields, and persistent geopolitical headwinds.
Q: What are the risks and challenges facing the market?
A: The risk of policy easing by the Monetary Authority of Singapore (MAS) is a potential headwind, which could weaken the Singapore dollar and raise local interest rates.
Q: Who is Benedict Phua?
A: Benedict Phua is a portfolio manager at Eastspring Investments.
Q: What is the outlook for the market in 2025?
A: Despite the risks and challenges, financials with strong issuances in the last three years could remain major issuers in the Singapore dollar market in 2025.
