|Over the past year, MAS implemented a series of initiatives to further enhance the depth and breadth of the Singapore Government Securities (SGS) market. These measures included:
(a) Launch of the SGS website in May 2001, which provides a one-stop location of comprehensive information and data on the SGS market.
(b) Facilitating the launch of 5-year SGS bond futures by SGX in June 2001 to enable SGS players to hedge their investments in SGS.
(c) Issuance of the inaugural 15-year SGS bond in September 2001 to extend the SGS yield curve.
(d) Launch of the SGS Electronic Application facility which enables primary dealers to submit SGS auction bids electronically.