Next month’s Singapore Savings Bond (SSB) June 2024 issue offers a very attractive 3.33% average yield over 10 years. Applications close 28 May 2024 9pm. This month’s SSB yield is the 3rd highest in recent times, only surpassed by the 3.47% yield of Dec 2022 SSB and the 3.40% yield of Dec 2023 SSB.
Why This Month’s SSB is Worth Considering
Although interest rates are expected to stay higher for longer, SSB yields have not been able to sustain above 3.4%. Maybe third time’s a charm, but I don’t rely on the off-chance.
10-year SGS bond yields have started to soften again after hitting its peak of close to 3.5% in late April 2024. Currently, rates are hovering around 3.3% so unless rates turn back upwards soon, SSB yield for the following month is unlikely to surpass the current offer of 3.33%.
Banks have started to lower
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