Wolf Money(Singapore Savings Bonds Oct 2023 review)

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 (Source: MAS website)


The yield for Oct SSBs had reached its highest since Jan 2023. The average yield of 3.16% is an improvement from last month 3.06%. 3/4 of the current month had passed, it seem Nov SSBs yield will be higher than 3.16%, setting another year high due to higher yield in SGS 10 year. The SSBs yield took reference from 10 years SGS bond yield. With the current reflation of Oil, approaching USD $100 per barrel, it is very unlikely Fed rate increase is going to pause. The path to higher rate look set to continue for at least this year. Closing date for this month application is on the 26th of September 2023@9PM. God Bless.


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All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.


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