Singapore trumps Australia with highest-yielding AAA debt

The inversion is the first since 1998.

Singapore’s bonds became the world’s highest-yielding AAA ranked government debt securities, surpassing Australia’s.

Ten-year notes in the island-state yielded 2.481 percent as of 2:43 p.m. local time, versus 2.479 percent in Australia. The difference was about four basis points earlier in Asian trading. The inversion is the first since 1998, according to data compiled by Bloomberg.

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