The expected interest rates of the May 2024 Singapore Savings Bonds (“SSB”) are based on the average SGS yields of March 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of March 2024 up to 21 March 2024 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| March 2024 Date | 10-Year Yield |
|---|---|
| 1 | 3.11% |
| 4 | 3.07% |
| 5 | 3.06% |
| 6 | 3.04% |
| 7 | 3.02% |
| 8 | 2.99% |
| 11 | 2.97% |
| 12 | 3.00% |
| 13 | 3.02% |
| 14 | 3.05% |
| 15 | 3.10% |
| 18 | 3.10% |
| 19 | 3.11% |
| 20 | 3.09% |
| 21 | 3.07% |
| Average | 3.05% |
Do note that the above interest rate calculation covers from 1 March 2024 to 21 March 2024 which is a total of 15 business days. There are an additional of 5 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 May 2024 issuance is approximately 3.05%, which is relatively unchanged from the current April 2024 Singapore Savings Bond with a 10-year average yield of 3.04%.
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