What happened?
Investors in the SSB may be disappointed by the interest rate offered by the latest issuance. The
latest SSB (SBFEB24 GX24020T) offers a 1-year interest rate of 2.72%, and a 10-year average interest rate of 2.81%. The 10-year average return is lower than the previous SSB,
which offered a 10-year return of 3.07%. Compared to the
recent peak of 3.40%, the 10-year return on the SSB has fallen fairly significantly. Let us find out if it still worthwhile to apply for the latest SSB. Source: MAS
Is it worth applying for the latest Singapore Savings Bonds (SSBs)?
#1 – 1 year and 10 year interest rate lower than previous issuance
The 1-year interest on the latest SSB has fallen to 2.72% from
3.00% in the previous issuance. The average 10-year return has also fallen to 2.81% from
3.07% in the previous issuance.
Source: MAS ...
