Outlook for the week
We view high yield bonds as more favourable given below historical average valuations
(Figure 3) providing higher buffer against rising interest rates.
Key economic releases for the week
 Wed, 30 Jun: SG: Bank Loans and Advances YoY (10:00AM), SG: Money Supply M2 YoY (10:00AM), CH: Manufacturing PMI (9:00AM),
 Thu, 1 Jul: SG: URA Private Home Prices QoQ (8:30AM)
 Fri, 2 Jul: SG: Purchasing Managers Index (9:00PM), US: Change in Nonfarm Payrolls (8:30PM)