The SSB June 2024 issue was oversubscribed with a roaring response from yield hunters, having sported a yield of more than 3%.
$1.6 billion (1.6x) worth of applications were received out of the total $1 billion available.
The quantity ceiling is $24,000 (or $24,500) depending on how much you have applied for.
If you did not get the full allocation, the July 2024 issue is expected to be an attractive option as well, so watch out for it.
SSB Trend As Of June 2024
The Singapore Savings Bonds SSB historical interest rate has been very attractive for the past year until the dip in yield happened in February and March.
The yield swiftly rebounded in May 2024 (3.06%) and June 2024 (3.33%) continued the uptrend.
Every single day in May 2024 has ranged between 3.2% and 3.46% for the Singapore 10-year government bond, so we are looking sweet for July 2024.
The yield for the next issue of SSB (July 2024) is expected to command an attractive range of around 3.2% to 3.3%....