Singapore Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-singapore
Singapore Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.31%, fitted curve 3M–30Y (4.41%–6.23%), 45 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.41% | — |
| 6M | 4.54% | 4.67% |
| 9M | 4.66% | 4.88% |
| 12M | 4.74% | 5.00% |
| 18M | 4.85% | 5.05% |
| 2Y | 4.90% | 5.05% |
| 3Y | 4.96% | 5.08% |
| 4Y | 5.01% | 5.16% |
| 5Y | 5.06% | 5.25% |
| 7Y | 5.16% | 5.40% |
| 8Y | 5.21% | 5.56% |
| 9Y | 5.26% | 5.66% |
| 10Y | 5.31% | 5.76% |
| 15Y | 5.56% | 6.06% |
| 20Y | 5.80% | 6.53% |
| 25Y | 6.02% | 6.94% |
| 30Y | 6.23% | 7.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.90% and the 10-year 5.31%, a 10Y−2Y spread of +41 bp — positively sloped — as of 2026-07-27. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.90% | 4.79% | 4.67% | 4.58% | 4.60% | 4.00% | 4.11% |
| 10Y | 5.31% | 5.31% | 5.60% | 5.07% | 5.39% | 4.94% | 5.35% |
| 10Y − 2Y | +41 bp | +52 bp | +92 bp | +49 bp | +79 bp | +95 bp | +124 bp |
Yields by rating group
The same curve split by credit quality: 86 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.48%, A+ to BBB- 4.85%, Speculative 6.51%.
Bonds in this curve
A selection of 30 of the 88 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Singtel Group Treasury PTE LTD | 4.38% | 2026-10-03 | 2.38% | XS1497633179 |
| IBM International Capital PTE LTD | 4.71% | 2027-02-05 | 4.60% | US449276AB03 |
| DBS Group Holdings LTD | 4.62% | 2027-03-15 | 1.19% | US24023LAF31 |
| Temasek Financial I LTD | 4.78% | 2027-08-20 | 3.75% | USY8563UAK44 |
| BOC Aviation LTD | 4.97% | 2027-09-18 | 3.50% | US09681MAE84 |
| SP Powerassets LTD | 4.55% | 2027-09-26 | 3.00% | US78462QAE98 |
| Flex LTD | 5.06% | 2028-01-15 | 6.00% | US33938XAE58 |
| Temasek Financial I LTD | 4.31% | 2028-08-01 | 3.62% | US87973RAE09 |
| Medco Laurel Tree PTE LTD | 6.70% | 2028-11-12 | 6.95% | USY59500AA95 |
| Singapore Airlines LTD | 5.02% | 2029-01-19 | 3.38% | XS2405871570 |
| IBM International Capital PTE LTD | 4.89% | 2029-02-05 | 4.60% | US449276AC85 |
| Flex LTD | 5.21% | 2029-06-15 | 4.88% | US33938XAA37 |
| Smic SG Holdings PTE LTD | 5.36% | 2029-07-24 | 5.38% | XS2862924532 |
| Flex LTD | 5.26% | 2030-05-12 | 4.88% | US33938XAB10 |
| Medco Cypress Tree PTE. LTD. | 7.60% | 2030-05-19 | 8.62% | USY56616AA68 |
| BOC Aviation LTD | 4.85% | 2030-09-17 | 2.62% | US09681MAS70 |
| IBM International Capital PTE LTD | 5.09% | 2031-02-05 | 4.75% | US449276AD68 |
| Temasek Financial I LTD | 4.68% | 2031-08-02 | 1.62% | US87973RBA77 |
| BOC Aviation LTD | 4.87% | 2033-05-03 | 4.88% | US66980P2B40 |
| BOC Aviation LTD | 4.85% | 2033-05-03 | 4.88% | US66980Q2C05 |
| IBM International Capital PTE LTD | 5.55% | 2034-02-05 | 4.90% | US449276AE42 |
| Cathaylife Singapore PTE. LTD. | 5.57% | 2034-07-05 | 5.95% | XS2852920342 |
| Oversea-Chinese Banking Corp LTD | 4.87% | 2035-09-08 | 4.55% | US69033DAE76 |
| Flex LTD | 5.91% | 2035-11-13 | 5.38% | US33938XAG07 |
| Oversea-Chinese Banking Corp LTD | 4.91% | 2036-03-04 | 4.52% | XS3307229321 |
| Temasek Financial I LTD | 4.97% | 2039-11-23 | 5.38% | US87973RAB69 |
| Temasek Financial I LTD | 5.29% | 2041-08-02 | 2.38% | US87973RBB50 |
| IBM International Capital PTE LTD | 6.36% | 2044-02-05 | 5.25% | US449276AF17 |
| Temasek Financial I LTD | 5.42% | 2051-04-06 | 2.25% | US87973RAV24 |
| IBM International Capital PTE LTD | 6.54% | 2054-02-05 | 5.30% | US449276AG99 |