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Singapore Savings Bond – April 2023 – Expected 10 Year Average Yield – 3.09%
By ViresInSolitudine  •  February 20, 2023

The expected interest rates of the April 2023 Singapore Savings Bonds (“SSB)” are based on the average SGS yields of February 2023. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of February 2023 up to 20 February 2023 as below.

Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
February 2023 Date10-Year Yield
12.94%
22.89%
32.92%
63.02%
73.05%
83.06%
93.08%
103.12%
133.17%
143.15%
153.20%
163.18%
173.27%
203.23%
Average3.09%
Extracted from SGS Prices and Yields – Benchmark Issues

Do note that the above interest rate calculation covers from 1 February 2023 to 20 February 2023 which is a total of 14 business days. There are an additional of 6 business days till end of the month and thus the 10 year average yield may change slightly.

The expected 10 year average yield of the April 2023 issuance is approximately 3.09%, which is higher than the current March 2023 Singapore Savings Bond with a 10 year average yield of 2.90%.

Website: SBMAR23 GX23030A Bond...
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By ViresInSolitudine
I am an ex-auditor. I tend to adopt a more skeptical view and downplay what Companies like to project themselves as.
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