HALISTER1: INSIDE SINGAPORE: SGD Holds Gain After Drop in June Exports

INSIDE SINGAPORE: SGD Holds Gain After Drop in June Exports

(Bloomberg) -- Singapore dollar rises modestly after June non-oil domestic exports drop 2.3% y/y vs median est. -3.0%; NODX data shows volatile series over past six years; click here for chart.
  • SGD bondholders brace for defaults as easier terms sought
  • Singapore-Malaysia rail tender to be called within a year, Star newspaper reports
  • DBS to wind down commodity derivatives trading: Reuters
  • Currency gains 0.04% to 1.3474 per dollar
  • USD/SGD holding below convergence of 50- and 100-DMA’s; click here for chart
    • USD/SGD 1-month implied volatility consolidating around 11-month low; click here for chart
  • Yield on 10-yr govt bond fell 1 bp to 1.735% on July 15, based on data compiled by Bloomberg and central bank; yield consolidating around 74.6% Fibonacci retracement of rise from April 2013 to Sept. 2015: click here for chart
  • Options expiring today include 1.3530 strikes for $88m
  • 6-month swap-offer rate declined 1 bp to 1.12182% on July 15; lowest fixing in a week
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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