With so many compelling options to park cash right now yielding around 4%, holding onto previous SSB tranches yielding below 3% comes at an opportunity cost. Even this month’s SSB Jan 2023 at 3.26% 10-year average yield might not seem attractive. On the flip side, I feel that I can afford to be more aggressive in my SSB yield optimisation strategy by rolling over previous yields, with more alternatives now in case I can’t get fully allotted. I still want to hold some SSB since they are of longer tenure than T-bills and fixed deposits, just in case yields reverse and start declining again. I’m not a fan of longer duration SGS bonds since they are relatively illiquid. IMO, holding some SSB can hedge against the risk of longer term yields falling fast, especially if we fall into recession in 2023. Read also my post on How I Manage My...