Wolf Money(Singapore Savings Bonds June 2024 review)

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(Image credit: MAS)


The yield for this month SSBs is very attractive. Average 10 years’ yield of 3.33% awaits holder of the bonds. I suspect the high yield will be holding up at current level for at least the next couple months before the Fed decides on the interest rate direction(likely down). 2/3 of the market participants expect rates to be cut by September. 

SSBs can be use as a short term instrument to park your excess liquidity with lead time of 1 month for withdrawal or it could use as a safe haven earning a good rate of return for the next 10 years. Each individual CDP account could hold up to a total of 200k SSBs with no single issue more than 100k each. Closing date for this month issue falls on 28th May@9pm. Best of luck. God Bless. 

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Disclaimers 

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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