The cut-off yield for the reopened 10-year SGS bond (NZ16100X) was at 2.30% in the latest auction on 27 August 2026.
What happened?
The results of the latest 10-year SGS bond auction are out.
The reopened 10-year Singapore Government Securities bond (NZ16100X) offered a cut-off yield of 2.30% in the auction on 27 August 2026.
This is higher than the 2.09% cut-off yield in the previous 10-year SGS bond auction in April 2026.
Following our previous article sharing about the 10-year SGS bond, I have seen a fair amount of discussion in the Beansprout community about the auction.
In this article, I will look at what drove the latest SGS bond auction result, what the result means for successful applicants, and whether there are better alternatives to park our cash.
What we learnt from the latest 10-year SGS bond auction
#1 – Demand for the SGS bond remained healthy
Investors applied for S$3.4 billion of the reopened 10-year SGS bond (NZ16100X), compared with the S$1.8 billion allotted....