Singapore Savings Bond – November 2024 – Expected 10 Year Average Yield – 2.55%

The expected interest rate of the November 2024 Singapore Savings Bonds (“SSB”) will be based on the average SGS yields of September 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of September 2024 up to 20 September 2024 are as below.

Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/

September 2024 Date10-Year Yield
22.75%
32.74%
42.67%
52.63%
62.57%
92.61%
102.57%
112.50%
122.51%
132.45%
162.43%
172.41%
182.43%
192.46%
202.48%
Average2.55%
Extracted from SGS Prices and Yields – Benchmark Issues

Do note that the above interest rate calculation covers from 2 September 2024 to 20 September 2024 which is a total of 15 business days. There are an additional of 6 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 November 2024 issuance is approximately 2.55%, which is lower than the current October 2024 Singapore Savings Bond with a 10-year average yield of 2.77%.

Website: SBOCT24 GX24100H Bond Details

For those who are more interested to bid for the October 2024 issuance, do note that the closing date is on 25 September 2024 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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