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Singapore Savings Bond – July 2024 – Expected 10 Year Average Yield – 3.29%
By ViresInSolitudine  •  May 21, 2024
The expected interest rate of the July 2024 Singapore Savings Bonds (“SSB”) is based on the average SGS yields of May 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of May 2024 up to 21 May 2024 are as below. Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
May 2024 Date 10-Year Yield
2 3.44%
3 3.38%
6 3.27%
7 3.26%
8 3.27%
9 3.32%
10 3.27%
13 3.33%
14 3.32%
15 3.27%
16 3.19%
17 3.20%
20 3.25%
21 3.29%
Average 3.29%
Extracted from SGS Prices and Yields – Benchmark Issues Do note that the above interest rate calculation covers from 1 May 2024 to 21 May 2024 which is a total of 14 business days. There are an additional of 7 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 July 2024 issuance is approximately 3.29%, which is slightly below the current June 2024 Singapore Savings Bond with a 10-year average yield of 3.33%. Website: SBJUN24 GX24060A Bond Details For those who are more interested to bid for the June 2024 issuance, do note that the closing date is on 28 May 2024 at 9.00pm.  ...
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By ViresInSolitudine
I am an ex-auditor. I tend to adopt a more skeptical view and downplay what Companies like to project themselves as.
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