An explosive rise in interest rates is one of the most interesting market developments in the last few months. Central banks worldwide had been hurrying to jack up rates due to untenable inflation rates. Not surprising, Singapore interest rates have moved in tandem with the global trend.
Let us review the Singapore Savings Bonds interest rate trend to find out just how much it has risen and how to manage your finances in 2022.
Graphical view of SSB Interest Rate Trend
The plot below is clear as can be.
The coupon yield of Singapore Savings Bonds (SSB) has increased to the levels only last seen in 2018 before COVID-19 struck.
SSB Jun 2022 is now offering 2.53% interest rate for a bond duration of 10 years. In comparison, SSB Jan 2022 was only 1.78% for 10 years.
Driven by SGS Interest Rate Trend
The SSB interest...