With a week to go, I evaluated the situation and decided that my tactic will be to apply for and hope to get as much of the May’19 Singapore Saving Bond (SSB) issue as possible.

The reason is because I think the interest rate has peaked for the time being.

Since I have some cash in my warchest lately due to some aggressive selling of equities, I will try to park them in SSB, the highest return investment product that is risk free in our local market.

I believe interest rate has peaked for the time being because of the following:

(1) Last month, the Fed pulled off a dovish surprise, signaling no interest-rate hikes in 2019. This significant shift in policy will open the door for rate cuts across Asia (and Singapore too) as inflation remains subdued and economic growth slows.

(2) Singapore’s economy is slowing down rapidly.  It