The current expected 10-year average yield of the May 2025 issuance is approximately 2.68%, which is significantly lower than the current April 2025 Singapore Savings Bond (“SSB”) with a 10-year average yield of 2.85%.
This is computed based on the average SGS yields of March 2025. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of March 2025 up to 21 March 2025 are as below.
| March 2025 Date | 10-Year Yield |
|---|---|
| 3 | 2.74% |
| 4 | 2.69% |
| 5 | 2.72% |
| 6 | 2.75% |
| 7 | 2.69% |
| 10 | 2.68% |
| 11 | 2.63% |
| 12 | 2.64% |
| 13 | 2.63% |
| 14 | 2.66% |
| 17 | 2.69% |
| 18 | 2.68% |
| 19 | 2.68% |
| 20 | 2.66% |
| 21 | 2.67% |
| Average | 2.68% |
Do note that the above interest rate calculation covers from 1 March 2025 to 21 March 2025 which is a total of 15 business days. Excluding the Hari Raya Puasa public holiday on 31 March 2025, 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 April 2025 issuance, do note that the closing date is on 25 March 2025 at 9.00pm.
Website: SBAPR25 GX25040F 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
Previous Post
Website: Singapore Savings Bond – April 2025 – Expected 10 Year Average Yield – 2.87%
It’s always a joy to stumble upon content that genuinely makes an impact and leaves you feeling inspired. Keep up the great work!
Wow, I had never thought about it in that way before You have really opened my eyes to a new perspective Keep up the great work!
Your writing is so engaging and easy to read It makes it a pleasure to visit your blog and learn from your insights and experiences
Your posts are always so relatable and relevant to my life It’s like you know exactly what I need to hear at the right time