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Thread: 3-month SOR and 2-month Sibor hits new high

  1. #61
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    Quote Originally Posted by teddybear View Post
    minority,
    Don't come here to talk cock and lie here again!
    You 1 bloody idiot!
    Now you are telling us that since 23 March 2016 to 13 May 2016 there is no change/revision in 3M SIBOR????????? What cock you are!!!!!!!!!!

    RETARD

    don't talk cock lah! I show you proof there are fluctuation. So where is your PROOF? TALK IS SO CHEAP RETARD!

    http://www.moneysmart.sg/home-loan/sor-trend
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

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  2. #62
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    Quote Originally Posted by minority View Post
    don't play dumb lah. 3mth sibor will have daily fluctuation? WOW. which BULLSHIT BANK YOU GO TO?


    Actually yes.

    Sibor ( similar Libor, Hibor, Tibor, etc) changes EVERY(bank)day.

    In fact, it changes Throughout the day.

    But for commercial rate fixing purpose, the SIBOR at 11am is used as a benchmark for the day itself.

  3. #63
    OCR properties going to crash!

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    You don't have to take minority here seriously since he is always lying and talking cock here for his own personal agenda and shooting himself in the foot with his non-sense.........

    Quote Originally Posted by proud owner View Post
    Actually yes.

    Sibor ( similar Libor, Hibor, Tibor, etc) changes EVERY(bank)day.

    In fact, it changes Throughout the day.

    But for commercial rate fixing purpose, the SIBOR at 11am is used as a benchmark for the day itself.
    Quote Originally Posted by minority View Post
    don't play dumb lah. 3mth sibor will have daily fluctuation? WOW. which BULLSHIT BANK YOU GO TO?

  4. #64
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    Quote Originally Posted by proud owner View Post
    Actually yes.

    Sibor ( similar Libor, Hibor, Tibor, etc) changes EVERY(bank)day.

    In fact, it changes Throughout the day.

    But for commercial rate fixing purpose, the SIBOR at 11am is used as a benchmark for the day itself.
    I agree there is a daily SIBOR rate. Thats a FACT . What I dont agree with the nut job is a 3mth SIBOR can change daily when he have take it up. Its call 3mth SIBOR for the obvious reason.
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

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  5. #65
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    Quote Originally Posted by teddybear View Post
    You don't have to take minority here seriously since he is always lying and talking cock here for his own personal agenda and shooting himself in the foot with his non-sense.........
    dont talk cock lah. I show you a chart that sibor do fluctuate daily. but isnt it Obvious you retard when u take up ur 3 mth SIBOR u dont expect daily rate change. Even your 1mth SIBOR dont have daily rate change once you take you retard.!

    WE know your bloody bullshit agenda
    “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
    ― Martin Luther King, Jr.

    OUT WITH THE SHIT TRASH

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  6. #66
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    Quote Originally Posted by proud owner View Post
    Actually yes.

    Sibor ( similar Libor, Hibor, Tibor, etc) changes EVERY(bank)day.

    In fact, it changes Throughout the day.

    But for commercial rate fixing purpose, the SIBOR at 11am is used as a benchmark for the day itself.
    errr there is no intra day for SIBOR, i.e. there is no "SIBOR rate at 10:26AM", that's why the rate is called a "FIXING". You just have one fixing one day.
    It is merely a survey based rate, i.e. banks tell ABS that "as of 11AM this is the rate I think I can borrow for a reasonable amount", then ABS average out them and publish at 11:30, and declare this is is the FIXING of the day.
    Last edited by amk; 18-05-16 at 13:39.

  7. #67
    OCR properties going to crash!

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    From Jan 2009 to until Jan 2015, USD:SGD stays below 1.50, and 3M SIBOR stays below 0.69%.
    On Jan 2015, USD:SGD was 1.34 and 3M SIBOR was 0.42%.
    However, from Feb 2015 onwards, SIBOR shot up to 1.2525% until March 2016, but USD:SGD is still below 1.38.

    That speaks very much about the kelong of 3M SIBOR, as usual, 3M SIBOR drop very slowly when USD:SGD drop and stay low for very long while 3M SIBOR shoot up very fast the slightest sign that USD:SGD moves up................

    Quote Originally Posted by minority View Post
    dont talk cock lah. I show you a chart that sibor do fluctuate daily. but isnt it Obvious you retard when u take up ur 3 mth SIBOR u dont expect daily rate change. Even your 1mth SIBOR dont have daily rate change once you take you retard.!

    WE know your bloody bullshit agenda

  8. #68
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    Singdollar jumps against US dollar, Sibor and SOR weaken after Fed chief comments
    PUBLISHED MAR 30, 2016, 2:19 PM SGT UPDATED MAR 30, 2016, 3:08 PM
    Grace Leong

    SINGAPORE - The Singapore dollar firmed sharply against the US dollar on Wednesday (March 30), while local interest rates slid further after US Federal Reserve chair Janet Yellen reiterated the need for the central bank to adopt a more cautious pace raising interest rates.

    As at 2 pm, the US dollar was trading at 1.3534 to the Singdollar - its lowest since its close on July 13, 2015 - after ending at 1.3677 on Tuesday. The Malaysian ringgit firmed to 3.9395 against the greenback from 3.9976 on Tuesday, and 4.0102 on Monday.

    The three-month swap offer rate (SOR), which is used to price commercial loans, fell to 0.90 per cent on Tuesday, a level last seen in July. The plunge in the SOR has been spectacular given that the 52-week high was hit less than three months ago at 1.76 per cent on Jan 13.

    The three-month Sibor or Singapore interbank offered rate, which is used to price home loans, fell to 1.16 per cent on Wednesday, down from the year-high of 1.25 per cent on Jan 19.

    Local interest rate declines have followed the rallying Singapore dollar, along with other Asian currencies, as they react to central banks' stimulus largesse.

    "USD/SGD collapsed overnight as the USD tumbled and stumbled across the board. As with the other local currencies, the bearish USD signal from the Fed is likely to see further USD capitulation this week," Mr Stephen Innes, senior trader at OANDA Asia Pacific, said.

    Citi Research economists downgraded their forecast for Fed tightening this year to only one hike, either in September or December, following Dr Yellen's dovish remarks, which appeared to contradict hawkish signals from several other Fed speakers since the FOMC meeting two weeks ago.

    "Yellen's reiteration of this dovish message will help reduce uncertainty about the Fed's reaction function, and should more strongly anchor expectations for a dovish Fed even in the face of robust data in the short-run," Citi said.

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