The expected 10-year average yield of the December 2024 issuance is approximately 2.80%, which is notably higher than the current November 2024 Singapore Savings Bond (“SSB”) with a 10-year average yield of 2.56%.
This is computed based on the average SGS yields of October 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of October 2024 up to 22 October 2024 are as below.
| October 2024 Date | 10-Year Yield |
|---|---|
| 1 | 2.63% |
| 2 | 2.65% |
| 3 | 2.69% |
| 4 | 2.75% |
| 7 | 2.91% |
| 8 | 2.89% |
| 9 | 2.89% |
| 10 | 2.90% |
| 11 | 2.82% |
| 14 | 2.81% |
| 15 | 2.75% |
| 16 | 2.71% |
| 17 | 2.75% |
| 18 | 2.82% |
| 21 | 2.83% |
| 22 | 2.93% |
| Average | 2.80% |
Do note that the above interest rate calculation covers from 1 October 2024 to 22 October 2024 which is a total of 16 business days. Excluding the Deepavali public holiday on 31 October 2024, there are an additional of 6 business days till end of the month and thus the 10-year average yield may change slightly.
For those who are more interested to bid for the November 2024 issuance, do note that the closing date is on 25 October 2024 at 9.00pm.
Website: SBNOV24 GX24110N Bond Details...
