The expected 10-year average yield of the January 2025 issuance is approximately 2.88%, which is slightly higher than the current December 2024 Singapore Savings Bond (“SSB”) with a 10-year average yield of 2.81%.
This is computed based on the average SGS yields of November 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of November 2024 up to 22 November 2024 are as below.
| November 2024 Date | 10-Year Yield |
|---|---|
| 1 | 2.86% |
| 4 | 2.85% |
| 5 | 2.87% |
| 6 | 2.93% |
| 7 | 2.90% |
| 8 | 2.84% |
| 11 | 2.84% |
| 12 | 2.86% |
| 13 | 2.89% |
| 14 | 2.95% |
| 15 | 2.91% |
| 18 | 2.89% |
| 19 | 2.88% |
| 20 | 2.89% |
| 21 | 2.87% |
| 22 | 2.88% |
| Average | 2.88% |
Do note that the above interest rate calculation covers from 1 November 2024 to 22 November 2024 which is a total of 16 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.
For those who are more interested to bid for the December 2024 issuance, do note that the closing date is on 26 November 2024 at 9.00pm.
Website: SBDEC24 GX24120F Bond Details
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
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 – December 2024 – Expected 10 Year Average Yield – 2.80%
