The current expected 10-year average yield of the January 2026 issuance is approximately 1.95%, which is higher than the December 2025 Singapore Savings Bond (“SSB”) with a 10-year average yield of 1.85%.
This is computed based on the average SGS yields of November 2025. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of November 2025 up to 21 November 2025 are as below.
| November 2025 Date | 10-Year Yield |
|---|---|
| 3 | 1.94% |
| 4 | 1.94% |
| 5 | 1.92% |
| 6 | 1.93% |
| 7 | 1.93% |
| 10 | 1.95% |
| 11 | 1.95% |
| 12 | 1.94% |
| 13 | 1.94% |
| 14 | 1.94% |
| 17 | 1.96% |
| 18 | 1.94% |
| 19 | 1.95% |
| 20 | 1.97% |
| 21 | 2.01% |
| Average | 1.95% |
Do note that the above interest rate calculation covers the period from 1 November 2025 to 21 November 2025, which comprises of 15 business days. There are an additional 5 business days till end of the month and thus the 10-year average yield may change.
For those who are interested to bid for the December 2025 issuance, do note that the closing date is on 25 November 2025 at 9.00pm.
Website: SBDEC25 GX25120E 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. It does not take into account your individual needs, investment objectives and specific financial circumstances.
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 2025 – Expected 10 Year Average Yield – 1.84%
