Singapore's Monetary Authority (MAS) stated in a parliamentary reply that the country's 10-year Government Securities (SGS) yield stands at 2.5%, compared to its 10-year average of around 2.2%. The discount of 10-year SGS to 10-year US Treasury yields has widened from about 170 basis points in January 2025 to about 250 basis points in September 2026. MAS noted that domestic credit conditions remain conducive, with the 3-month Compounded SORA at around 1.2%, and businesses and households generally in a sound financial position to manage higher borrowing costs. The government is prepared to offer targeted support if needed, having raised the risk-share for eligible Enterprise Financing Scheme loans from 50% to 70% in September 2026.