We are now moving into the 4th quarter of 2026. The Federal Reserve on 16 September 2026 has increased US interest rates to the range of 3.75% to 4.00%, the first time in more than three years. Although Fed leadership maintains a positive outlook on the broader economy, this rate hike makes it clear that managing persistent inflation remains their immediate priority.
Website: US interest rates raised for first time in three years
Disclaimer: Not financial advice. This content is provided for general informational purposes only and does not constitute financial, investment, legal, or tax advice. The information presented is based on publicly available data and estimates that may be subject to change without notice. It does not take into account your individual financial situation, investment objectives, risk tolerance, or specific needs.
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Singapore Savings Bond
The Singapore Savings Bond (“SSB”) for November 2026 issuance has a 10-year average return of 2.45%. As the SSB is backed by the Singapore Government and has a credit rating of AAA, for now this is one of the safest investments out there. Accounting for rounding and simplicity, 2.50% shall be applied as the risk-free rate for articles during the quarter, taking into consideration the interest rates towards the end of the month of September 2026.
Website: SBNOV26 GX26110X Bond Details
The September 2026 daily 10-year average yield rates from MAS e-service website are extracted as below for confirmation.
| September 2026 Date | 10-Year Yield |
|---|---|
| 1 | 2.41% |
| 2 | 2.43% |
| 3 | 2.39% |
| 4 | 2.38% |
| 7 | 2.37% |
| 8 | 2.36% |
| 9 | 2.36% |
| 10 | 2.40% |
| 11 | 2.46% |
| 14 | 2.47% |
| 15 | 2.54% |
| 16 | 2.51% |
| 17 | 2.50% |
| 18 | 2.44% |
| 21 | 2.44% |
| 22 | 2.41% |
| 23 | 2.40% |
| 24 | 2.49% |
| 25 | 2.48% |
| 28 | 2.61% |
| 29 | 2.58% |
| 30 | 2.47% |
| Average | 2.45% |
Summary
With an applied market risk premium of 2.50% and the risk-free rate of approximately 2.50%, this would translate to an increase in expected dividend yield to 5.00%.
It should be noted that securities offering yields materially in excess of 5.00% may be subject to heightened levels of credit, market, and business risk. Higher yields may reflect increased uncertainty regarding the issuer’s financial condition or future cash flow sustainability. Investors should not rely solely on dividend yield as an indicator of investment attractiveness and are encouraged to conduct a comprehensive assessment of the issuer’s fundamentals, including management quality, financial strength, and long-term business viability, prior to making any investment decision.
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Website: Reasonable Dividend Yield 2026Q3 – 4.50%
