Nomura warns SGD rates could underperform as market positions unwind

Mary Alavanza
Tue, 25 Feb 2025 10:36:11 +0000
SG Economy, Nomura, singapore dollar, Singdollar

SINGAPORE: Nomura has entered a two-year Singapore dollar (SGD) trade against US rates through the March International Monetary Market (Mar-IMM), with a conviction level of 3 out of 5, targeting a 25 basis point gain by the end of March, as SGD rates have outperformed US rates since mid-January. Still, Nomura cautioned that an unwinding …