The expected interest rate of the August 2024 Singapore Savings Bonds (“SSB”) will be based on the average SGS yields of June 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of June 2024 up to 21 June 2024 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| June 2024 Date | 10-Year Yield |
|---|---|
| 3 | 3.32% |
| 4 | 3.27% |
| 5 | 3.26% |
| 6 | 3.22% |
| 7 | 3.21% |
| 10 | 3.29% |
| 11 | 3.29% |
| 12 | 3.27% |
| 13 | 3.23% |
| 14 | 3.17% |
| 18 | 3.19% |
| 19 | 3.15% |
| 20 | 3.17% |
| 21 | 3.16% |
| Average | 3.23% |
Do note that the above interest rate calculation covers from 1 June 2024 to 21 June 2024 which is a total of 14 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 August 2024 issuance is approximately 3.23%, which is lower than the current July 2024 Singapore Savings Bond with a 10-year average yield of 3.30%.
...
