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....