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From February 2011, the 7-year will no longer be a benchmark tenor. In the early years of the SGS market, the tenor had been introduced as an additional reference point before the yield curve extended meaningfully beyond 10 years. Now that the curve has developed to have sufficient securities maturing in the medium term, future issuances will focus on concentrating liquidity in existing securities and across the curve (2-year, 5-year, 10-year, 15-year and 20-year). While data for the 7-year benchmark will only be collected up to the end of January 2011, historical data prior to that will still be available on the MAS database for queries.
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