The expected interest rates of the June 2023 Singapore Savings Bonds (“SSB)” are based on the average SGS yields of April 2023. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of April 2023 up to 21 April 2023 as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| April 2023 Date | 10-Year Yield |
|---|---|
| 3 | 2.91% |
| 4 | 2.87% |
| 5 | 2.81% |
| 6 | 2.76% |
| 10 | 2.79% |
| 11 | 2.76% |
| 12 | 2.78% |
| 13 | 2.75% |
| 14 | 2.78% |
| 17 | 2.81% |
| 18 | 2.85% |
| 19 | 2.88% |
| 20 | 2.85% |
| 21 | 2.86% |
| Average | 2.82% |
Do note that the above interest rate calculation covers from 1 April 2023 to 21 April 2023 which is a total of 14 business days. There are an additional of 5 business days till end of the month and thus the 10 year average yield may change slightly.
The expected 10 year average yield of the June 2023 issuance is approximately 2.82%, which is significantly lower than the current May 2023 Singapore Savings Bond with a 10 year average yield of 3.07%. For those who are deciding between the 2 months, it may be worth to top up more for the upcoming May 2023 issuance.
Website: SBMAY23 GX23050W Bond Details
For those who are more interested to bid for the May 2023 issuance, do note that the closing date is on 25 April 2023 at 9.00pm.
Disclaimer: Not financial advice. All data and information provided on this site is for informational purposes only.
Background
Savings Bonds are a special type of Singapore Government Securities (“SGS”) with features that make them suitable for individual investors. Savings Bonds are fully backed by the Singapore Government.
Savings Bonds are redeemable in any given month, with no penalty for exiting the investment early. Interest payments are made every 6 months after issuance and interest rates “step up” (increases) each year.
For both maturity and redemption, you will receive the principal amount by the second business day of the next month. Accrued interest on the redemption amount shall be paid.
Website: Investing in Savings Bonds
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Website: Singapore Savings Bond – May 2023 – Expected 10 Year Average Yield – 3.12%
