With interest rates that aren’t as appealing (1Y:2.72%/10Y:2.81%) as previous months, the
SSB February 2024 issue experienced significant under-subscription with a lukewarm response from yield hunters.
Only
$182.8 million (0.2x) worth of applications were received out of the
total $900 million available for allocation.
Table of Contents
SSB Trend As Of February 2024
The
Singapore Savings Bonds SSB historical interest rate has been really attractive for the
past year.
- First-year interest: Lowest 2.76% vs. Highest 3.30%
- Average ten-year returns: Lowest 2.82% vs. Highest 3.40%
As of today, the yield for the
next issue of SSB (March 2024) is expected...
