A testament to how good the rates were and/or how hungry people are for low-risk yield, June 2022’s Singapore Savings Bond saw a 261% subscription rate of the $350 million tranche. More than $916 million was applied for, more than 2.5 times the maximum offered amount. Oversubscription for Singapore Savings Bond has not been seen since May 2019 owing to the lacklustre rates of SSB for the past couple of years. In fact, SSB struggled to hit even half of the offered amounts through late 2020 and almost all of 2021 despite offering only $100 to $150 million. This time, however, is markedly different: June 2022 SSB increased the maximum offered amount to $350 million, and was still oversubscribed by a significant margin. Maximum of $15,000 allocated per person If you have subscribed to $15,000 or less, you would have successfully subscribed to the amount you applied for. Application for any amounts above this figure would result in either $15,000 or $15,500...