Today is the 1st day of March and the new SSB rates are out again!
We are back to above 3% again to 3.15%.
As mentioned in my post on 24 Feb 2023 (SAVERs – How to maximize your interest and my Market Transaction/Updates), the worldwide interest rates are going up and likely we get chance to buy higher SSB again as well as chance to take advantage of market weakness.
https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds
Let’s see the breakdown of the 10 years rate. 1st year is 3.01% whereas the last year is 3.53% with average at 3.15%. Great rates! S$700.0 million are offered with last day of application on 28 Mar 2023, 9pm. Upcoming payment is on 01 Oct 2023 with subsequent payments (until maturity): Every 6 months on 01 Apr and 01 Oct.
US Interest Rates
If we look at the US Treasury Rates, US6M reached 5.16% with US10Y at 4%! Yield curve is highly inverted again.
Inflation is not going away soon. FED not going to pivot so easily. For those FOMO (Fear of Missing Out)...