Sibor 2017 Mid year review
Singapore Interbank Offer Rate 2017
|1 Month Sibor||+0.089%||+12.3%|
|3 Month Sibor||+0.026%||+2.7%|
|12 Month Sibor||-0.058%||-4%|
Difference between 1M and 3M Sibor in Jan in 0.245% and in June, the difference has reduced to 0.182%. Looks like 1M Sibor is gaining since the start of year and most probably would end up close to 3M Sibor in December.
12M Sibor has been hovering around 1.38%, with the lowest bank margin of 0.7%, effective interest rate is 2.08%. Fixed rate right now hovers between 1.58% to 1.68%, so 12M Sibor package is a big no no.