This week, we at Bourse review the performance of the local and international fixed income markets for the first half of 2019. While the local market has been fairly inactive, international bond investors have enjoyed a period of persistent returns thus far. What can investors expect in the second half of 2019? Let’s take a closer look.
Local interest rates stable, bond supply low The Trinidad and Tobago (TT) Treasury Yield curve remained virtually constant year-to-date (YTD), as a limited supply of TTD bonds and persistent excess liquidity maintained downward pressure on bond yields. The greatest movements were the One-Year Treasury yield and 15-Year Treasury yield from 2.75 per cent and 5.10 per cent in December 2018 to 2.90 per cent and 5.22 per cent in May 2019 respectively.