The expected interest rates of the December 2023 Singapore Savings Bonds (“SSB”) are based on the average SGS yields of October 2023. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of October 2023 up to 20 October 2023 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| October 2023 Date | 10-Year Yield |
|---|---|
| 2 | 3.40% |
| 3 | 3.40% |
| 4 | 3.51% |
| 5 | 3.48% |
| 6 | 3.47% |
| 9 | 3.43% |
| 10 | 3.40% |
| 11 | 3.35% |
| 12 | 3.31% |
| 13 | 3.32% |
| 16 | 3.33% |
| 17 | 3.33% |
| 18 | 3.37% |
| 19 | 3.46% |
| 20 | 3.40% |
| Average | 3.40% |
Do note that the above interest rate calculation covers from 1 October 2023 to 20 October 2023 which is a total of 15 business days. There are an additional of 7 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 December 2023 issuance is approximately 3.40%, which is higher than the current November 2023 Singapore Savings Bond with a 10 year average yield of 3.32%.
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