The April 2023 tranche of Singapore Savings Bonds (SSB) has an average yield of 3.15% over 10 years. This is not very appealing considering that other low to risk-free alternatives such as T Bills and bank fixed deposits easily yield more than 3.5% currently. However, if we consider the great flexibility, liquidity of SSB for redemption and long-term lock down at above CPF OA yield for the next decade, then this tranche of SSB is fairly decent for us to park our spare cash at zero risk. Furthermore, both short-term and long-term treasury bond yields have declined recently and the interest rate hikes have sort of peaked with the markets factoring in interest rate cuts next year. These could signal that the yields of SSB declining in next few months. We could redeem SSB anytime in the coming months, earning interest at 3.01% while getting back our capital for deployment to other investments or large item purchases unlike...