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Singapore Savings Bonds massively undersubscribed – Full $200,000 allotment! 10 year SGS auction closes at 2.86%
By Financial Horse  •  January 28, 2023
We had quite a few notable results in the fixed income world yesterday that I thought was worth writing on quickly. Singapore Savings Bonds massively undersubscribed – Full $200,000 allotment! The first is the Singapore Savings Bonds allotment results. $700 million of Singapore Savings Bonds were on offer. Receiving only $477 million in applications. This was massively undersubscribed – so anyone who applied would get full allotment up to their individual maximum of $200,000. Remember how a few months back everyone was worried that at $9000 allotment a month it would take years to max out your full $200,000 Singapore Savings Bonds allotment? Well jokes on you – because half a year later and we’re getting full $200,000 allotment on Singapore Savings Bonds in 1 month. If anything, this should be a lesson on how quickly things can change in markets....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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