The allotment results for Sep 2022 Singapore Savings Bond are out!
It is heartening to find out that the allotment limit is SGD 13,000 as this tranche has been less oversubscribed with more total quantum on offer as compared to previous month.
$900m of bonds are offered with $1,904,323,500 worth of total applications.
I applied for $11k and was allocated all Likewise for all who applied more, they will also get the same $13k or at most $13.5k.
I think the average yield for Oct 2022 tranche may remain below 3% due to the inverted yield curve whereby short - term US treasury bond yields more than long-term one. Furthermore, the next round of interest rate hike will take place in Sep 2022 after details of Oct 2022 SSB are announced.
Nonetheless, I will continue to subscribe for Singapore Savings
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