Details annouced at
http://www.mas.gov.sg/News-and-Publications/Media-Releases/2015/Singapore-Savings-Bonds-for-Individual-Investors.aspx
Reference to SGS daily prices here
https://secure.sgs.gov.sg/fdanet/SgsBenchmarkIssuePrices.aspx
Since 2007, we had nearly a decade of low interest rates... Uncles and Aunties have not been happy getting 1% on their fixed deposits. Yet they are also not sophisticated enough to tap into SGS which pay as high as 3%. I think MAS is finally moving in the right direction by bringing in this new product to retail investors.
In short, I think that SSB is a superior product to SGS. This is because an investor holding SSB will be able to enjoy SGS returns plus the addition benefit of removing 2 major downsides, maturity risk and volatility.
For an individual who purchases a 10 year SGS, the price of the bond may fluctuate up or down daily. If he has to cash out, he would have to sell to ......