This has been an interesting week for investors who have been keeping up with market news – more details about the Singapore Savings Bonds were released by MAS on Monday, and several finance bloggers have touched on the topic as well. Further into the week, we had Frasers Centrepoint Limited launching their discretely callable bonds for retail investors as well. Is Singapore’s retail bond market starting to heat up? Allow me to share my opinion on this matter. Singapore Savings Bonds This is designed for investors who are risk-adverse, and with the coupon rates closely following the rates on SGS bonds.  With a cap of $100,000 per person, it seems like a good replacement to fixed deposit rates currently being offered by the banks, since the SSBs can be redeemed monthly, as compared to a lock-up period for the fixed deposit. The only caveat though, is that the interest rate is “stepped-up”, depending ......