The expected interest rates of the April 2024 Singapore Savings Bonds (“SSB”) are based on the average SGS yields of February 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of February 2024 up to 21 February 2024 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| February 2024 Date |
10-Year Yield |
| 1 |
2.89% |
| 2 |
2.87% |
| 5 |
2.98% |
| 6 |
3.00% |
| 7 |
2.97% |
| 8 |
2.97% |
| 9 |
2.99% |
| 13 |
3.02% |
| 14 |
3.11% |
| 15 |
3.05% |
| 16 |
3.07% |
| 19 |
3.08% |
| 20 |
3.08% |
| 21 |
3.09% |
| Average |
3.01% |
Extracted from SGS Prices and Yields – Benchmark Issues
Do note that the above interest rate calculation covers from 1 February 2024 to 21 February 2024 which is a total of
14 business days. There are an additional of
6 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 April 2024 issuance is approximately
3.01%, which is higher than the current March 2024 Singapore Savings Bond with a 10 year average yield of
2.88%.
Website: SBMAR24 GX24030V Bond Details
For those who are more interested to bid for the March 2024 issuance, do note that the closing date is on
26 February 2024 at
9.00pm....
