Wolf Money(Singapore Savings Bonds Nov 2024 review)

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(Source: MAS)


As expected, the yield for this month’s SSBs mimic the declining yield on SGS 10 years bonds. SSBs yield is likely to fall within 2.5 to 2.9% for the next few months, baring any renewed rise in inflation numbers. From my observations, there might be renew inflation pressure given the stronger than expected job numbers in the US. The re-inflation of oil prices due to the Middle East conflict, adding a layer of uncertainty on another jumbo rate cut by the Fed in the upcoming Nov meeting. I am in the camp where interest rates will stay higher for a much longer period than the market expected. The market expectation was for the Fed fund rate to cut towards the 3% mark by the end of 2026. My guess it will float around the 4% mark for the whole of 2025 and sliding toward the 3.5% in 2026. Just saying. No prize for guessing it correctly. The closing date for the Nov issue falls on 25th Oct@9pm. I will skipped current issue since there are better alternative in some other saving accounts offer by digital banks, yielding higher interest than SSBs. 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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