Wolf Money(Singapore Savings Bonds Aug 2023 review)

 



(Credit: MAS website)

Welcome to Aug SSBs review. The 10 years average yield came in at 2.99% which I think is decent. Next month SSBs yield base on the 10 years SGS bond yield is likely to be similar to this month. The yield on 10 years SGS bond had came off from the 3.1%ish level toward 2.9%ish towards end of the month. The drop in inflation data coming out of US pushes the yield on 10 years UST down therefore lowering the yield for our 10 years SGS. The current month application closed on 26th July 9pm. Good luck and God Bless.


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