Singapore Savings Bond (SSB) July 2023 – Yield Curve Normalising Slightly, Wait For Higher Yields
By Finance Gnome  •  June 23, 2023
The latest SSB for July 2023 has a 10-year average yield of 2.82%, only marginally higher than last month’s SSB offering 2.81%. The first year yield is 2.76%, and subsequently the yield remains relatively flat but it increases the last few years prior to maturity. This month, there’s $600m on offer. If you’re interested, remember to apply by Monday 26 June, 9pm. This month’s bond offering is still below 3% average 10-year yield but the yield curve until maturity has started to slope again, as originally intended for this product. SSB was designed to have step up interest rates, i.e. you’re supposed to get higher yield for every year you hold the bond until maturity. However, in recent times shorter-term yields have been higher than longer-term yields, resulting in an inverted yield curve. If you’re looking for places to park your cash or SRS funds for the long term but still want the option to...
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By Finance Gnome
Hi, I’m Calvin! I’m a lucky husband and father of two wonderful kids. I work as an aerospace engineer at my 9 to 5. I’ve been investing since 2011, but my investing journey started off pretty terribly. Many of the stocks I bought lost me loads of money, call it tuition fees. Thankfully most of the time, I managed to bail out before losing everything.

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