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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