Latest Singapore Savings Bonds allotment results are out! And I mean we all expected the demand for the latest Singapore Savings Bonds to be bad. But wow… the demand was absolutely abysmal. Allocation amount for Singapore Savings Bonds has soared – up to $173,000 per person!  

Latest Singapore Savings Bonds Allotment – Up to $173,000 per person!

Diving into the numbers. Out of a $900 million issue size, applications were received for $909.7 million. That’s only 1.01x covered, which is terrible investor demand. By contrast the previous Singapore Savings Bonds saw $1.7 billion worth of application. This has led to a huge increase in allotment amount. From $14,500 the previous round, to up to $173,000 this round.

Why has interest for Singapore Savings Bonds plunged?

It’s pretty clear why investor demand for the Singapore Savings...