The expected interest rates of the February 2024 Singapore Savings Bonds (“SSB”) are based on the average SGS yields of December 2023. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of December 2023 up to 22 December 2023 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| December 2023 Date | 10-Year Yield |
|---|---|
| 1 | 2.99% |
| 4 | 2.95% |
| 5 | 2.92% |
| 6 | 2.88% |
| 7 | 2.87% |
| 8 | 2.87% |
| 11 | 2.92% |
| 12 | 2.87% |
| 13 | 2.86% |
| 14 | 2.74% |
| 15 | 2.76% |
| 18 | 2.76% |
| 19 | 2.76% |
| 20 | 2.75% |
| 21 | 2.72% |
| 22 | 2.72% |
| Average | 2.83% |
Do note that the above interest rate calculation covers from 1 December 2023 to 22 December 2023 which is a total of 16 business days. There are an additional of 4 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 February 2024 issuance is approximately 2.83%, which is lower than the current January 2024 Singapore Savings Bond with a 10 year average yield of 3.07%.
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