The July 2023 tranche of Singapore Savings Bonds didn’t bring any surprise as returns has remained close to the previous tranche.
While I have selectively bought specific tranches in the past, I think I have more than enough allocation as of right now so I’m once again staying put. No actions on my part.
Singapore Savings Bonds returns have already reached new highs in previous months as the momentum of Fed rate hikes continued to gather pace. The pivot seemed to have arrived but a hot economy and jobs report flamed the likelihood of YET another rate hike in on June 14, 2023.
If you’re happy with returns of ~2.8% for what is virtually a risk-free instrument, you would be delighted with SSB.
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For the Singapore Savings Bonds (SSBs) historical rates from October 2015 until July 2023, please head over to my page (SSB Historical Rates) for more details....