Monetary Authority of Singapore Annual Report 2012/2013
Anchor of Economy

SINGAPORE GOVERNMENT SECURITIES (SGS)

Developing the SGS market — Introduction of 30-year SGS

In April 2012, MAS marked a major milestone in the development of the SGD bond market by introducing the 30Y SGS. The instrument was well-received by the market and demand at primary auctions was high. The 30Y SGS enabled MAS to extend the SGS yield curve and provided an additional benchmark for the pricing of corporate bonds. It was also vital in satisfying the growing demand for longer-dated securities by banks, insurers and other financial institutions.