Wolf Money(Singapore Savings Bonds Feb 2024 review)

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(Credit: MAS)



The prediction of an unattractive Feb 2024 SSBs issue came true. The yield dropped from year high of 3.4% to a 12 months low of 2.81% in a space of two months was a big move. This month SSBs is paying a yield of 2.81%. The 60 points swing in 2 months is nothing I have seen before. This month SSBs mimic the substantial drop in yield on the 10 years SGS yield. I suspect the current issue will be poorly received by yield hungry investors. The yield for March issue will be higher than Feb issue. I probably skip this month SSBs. The closing date for this month issue is on 26th Jan 2024. 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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