Singapore Bonds Ride Out Crude Oil Surge as Other Havens Falter

Singapore’s bonds have beaten all their developed-market peers this year as the war in Iran has bolstered haven demand, and fund managers say they are still one of the safest places to be.

A Bloomberg index of sovereign debt from the island state has returned 0.8% so far in 2026, outperforming 13 other global counterparts, even as surging oil prices have buffeted most fixed-income assets. That sets them apart from many traditional havens such as US Treasuries and the yen that have declined.