Most likely answer i guess is that market is irrational.
the fund holds 80% in SG gov bonds. AAA rated. chance of bond defaulting is highly unlikely. so i would just sit back and continue to collect my dividends and let my RSP take its own course.
or another reason could be a lot are cashing out on this bond fund to buy other undervalued stocks.
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With this point in mind, it's not only the bond market in SG. Overseas bond & gold market are tanking as well with the stock market. Which brings me to question
1) Where are all the smart money heading to ? (Usually to bond/gold but does not seems like the case now)
2) Funds and companies having a liquidity crunch ?
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