PhillipCapital Global Bonds

Week Ahead for FX, Bonds: Fed Minutes, China Data in Focus The most important global events likely to affect FX and bond markets in the week starting Aug. 17 https://www.wsj.com/economy/week-ahead-for-fx-bonds-fed-minutes-china-data-in-focus-6ad23f18

Inflation Protection Is on Sale While far from perfect, these government bonds look like a bargain—at least for the near term https://www.wsj.com/finance/investing/inflation-protection-is-on-sale-5ca057f5

Tbill results

SGD SORA indicatives

Treasury Yields Slip as U.S. Inflation Meets Expectations https://www.wsj.com/finance/treasury-yields-dollar-stable-ahead-of-u-s-inflation-data-36220339

NEW ISSUE: OCBC SGD PERP-NC5 AT1 ** NEW SGD PERP-NC5 AT1 ANNOUNCED ** IPG: 3.50% AREA ** EXPECTED ISSUE RATINGS: Baa1/BBB-/BBB+ (MOODY’S/S&P/FITCH) ** RESET MECHANISIM: INITIAL SPREAD OVER 5-YEAR SORA-OIS AS BENCHMARK RESET ** SIZE: SGD BENCHMARK ** SETTLEMENT: 19 AUG 26 (T+5) ** TIMING: TODAY'S BUSINESS

* HSBC Holdings SGD 6NC5 HoldCo Senior - * ** New SGD 6NC5 Holdco Senior Announced ** Initial Price Guidance: 3.10% area ** Exp. Issue Ratings: A3/A-/A+ (M/S/F) ** Issue size: SGD benchmark ** Settlement: 17 August 2026 ** Timing: today's business

Treasury Yields Rise Amid Low Job Cuts, Low Claims https://www.wsj.com/finance/investing/jgbs-rise-tracking-gains-in-u-s-treasurys-297e6f42

Bond Yields Hold Declines After Treasury Maintains Borrowing Guidance https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-08-05-2026/card/bond-yields-hold-declines-after-treasury-maintains-borrowing-guidance-WQMnbqgZRdkQh1edGN1x

Treasury Yields Fall on Hopes for Iran Deal https://www.wsj.com/finance/jgbs-edge-higher-tracking-gains-in-u-s-treasurys-89af7200

NEW ISSUE: MAPLETREE LOGISTICS TRUST SGD SUB PERPNC5 - NEW SGD SUB PERP-NC5 announced - IPG: 3.4% area - EXP ISSUE RATING: BBB- BY FITCH - UOP: INCL REFI OF MLTSP 3.725% SGD400M PERP (CALLABLE 2 NOV 26) - ISSUE SIZE: SGD BENCHMARK - PB REBATE: 25 CENTS - SETTLEMENT: 12 AUG 2026 (T+5) - TIMING: TODAY'S BUSINESS

Tbill results

Gold trims gain as Fed holds rates, signals hike support The Federal Open Market Committee votes 9 to 3 to hold the benchmark federal funds rate in a range of 3.5 to 3.75% https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-advances-after-federal-reserve-keeps-interest-rates-hold

Treasury Yields Fall Ahead of Fed Meeting as U.S., Iran Hold Fire https://www.wsj.com/finance/investing/jgb-futures-rise-amid-falling-crude-oil-prices-2f1d5195

* THE TORONTO-DOMINION BANK SGD BENCHMARK 10NC5 TIER 2 ** ** INAUGURAL THE TORONTO-DOMINION BANK SGD TIER 2 NOTES (NON-VIABILITY CONTINGENT CAPITAL (NVCC)) Announced ** Expected Issue Ratings: A3 (hyb) (MOODY’S) / BBB+ (S&P) / A (FITCH) ** IPG: 3.40% AREA ** Issue Size : SGD benchmark ** Tenor: 10NC5 ** Coupon: Semi-Annually Pay ** Reser: 5Y SORA OIS + INITIAL MARGIN ** Settlement Date : 5 August 2026 (T+6) ** Timing: Today’s Business

Week Ahead for FX, Bonds: Fed Decision Awaited; Middle East Events Eyed The most important global events likely to affect FX and bond markets in the week starting July 13 https://www.wsj.com/economy/global/week-ahead-for-fx-bonds-fed-decision-awaited-middle-east-events-eyed-83e73b63

Global Bond Yields Jump as Oil Prices Surge, Inflation Fears Mount High oil prices raise concerns about rising inflation https://www.wsj.com/economy/central-banking/global-bond-yields-jump-as-oil-prices-surge-inflation-fears-mount-10715801

BANCO SANTANDER SA SGD 6NC5 Senior Non Preferred ** NEW S$ REGS 6NC5 Senior Non Preferred announced ** IPG: 3.10% Area ** Exp. Issue Ratings: Baa1 Moody’s / A- S&P / A Fitch ** Issue Size : SGD Benchmark m ** Settlement: 30 July 2026 ** Initial Margin: Spread over 5Y SORA OIS ** Reset: Prevailing 1Y SORA OIS + Initial Margin ** Timing: Today’s Business

Week Ahead for FX, Bonds: U.S., European PMI Data, ECB Decision in Focus Provisional purchasing managers’ surveys for the U.S., eurozone and the U.K. will provide a snapshot of business-sector activity https://www.wsj.com/economy/central-banking/week-ahead-for-fx-bonds-u-s-european-pmi-data-ecb-decision-in-focus-4decf84c

Treasury Yields Rise as Fedspeak Leans Hawkish https://www.wsj.com/finance/jgbs-mixed-as-investors-grapple-with-gains-in-u-s-treasurys-rising-oil-prices-6753ed21