July marks the second half of 2024, and there are multiple government bonds to choose from this month. Aside from the monthly Singapore Savings Bonds (SSB) for August 2024, this month also sees not the usual 2 but 4 t-bills as well as a 15-year SGS bond.
That’s a total of 6 bonds this month! What a crowded month for government bonds so let’s take a closer look.
August 2024 SSB – rates down to 3.19% to 3.22% p.a. returns
| Year from issue date |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
| Interest % |
3.19 |
3.19 |
3.19 |
3.19 |
3.19 |
3.19 |
3.20 |
3.28 |
3.31 |
3.31 |
| Average return per year % |
3.19 |
3.19 |
3.19 |
3.19 |
3.19 |
3.19 |
3.19 |
3.20 |
3.21 |
3.22 |
SBAUG24 GX24080W Bond Details
August 2024’s SSB dips a little from
July’s SSB, giving average returns of 3.19% to 3.22% p.a. depending on how long you keep the bond for. This is down from the 3.26% to 3.30% p.a. returns of the month before. The tranche is also decreased to S$1 billion from S$1.1 billion.
Last month’s bond was oversubscribed by about 9% – of the S$1.1 billion tranche, S$1.2 billion in eligible applications was applied for. This resulted in a ceiling amount
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