The SSB December 2023 issue of
Singapore Savings Bonds by the Monetary Authority of Singapore
continued its gradual uptrend as returns have once again inched upwards compared to the previous issues.
The
1-year returns come in at 3.3% whereas the
10-year average return is now 3.4%.
Let’s compare this month’s interest rates vs. the previous months.
| Month |
Year 1
Interest |
10 Year
Average |
| July 2023 |
2.76% |
2.82% |
| August 2023 |
2.97% |
2.99% |
| September 2023 |
3.01% |
3.06% |
| October 2023 |
3.05% |
3.16% |
| November 2023 |
3.21% |
3.32% |
| December 2023 |
3.30% |
3.40% |
We can get a
guaranteed yield of more than 3% for ten years on our SSBs if we apply and get allocated successfully, which is extremely attractive for a risk-free instrument.
Last month’s
November 2023 SSB was oversubscribed by 1.2x which begs the question – would the
SGD$1 billion offered for the SSB December 2023 be enough for hungry yield seekers?
On my
SSB historical interest rates page, you can see the full history of the Singapore Savings Bonds issues presented in a table format, plus you can also check the amount of SSBs for each issue that investors...
