With a yield of more than 3% and possibly the last issue of SSB with such an appealing yield, the SSB September 2024 issue attracted a strong response from yield hunters and turned out to be just under-subscribed.
Applications worth $829 million (0.9x) were received out of the $900 million available for subscription.
If you suddenly wanted to allocate $200,000 to Singapore Savings Bonds, you would have gotten the full allocation for this issue of SSB in one shot without hitting the issue ceiling.
Table of ContentsSSB Trend As Of September 2024
The Singapore Savings Bonds SSB historical interest rate has been very attractive for the past year until the dip in yield happened from February 2024 to May 2024.
Since the yield rebounded, the average 10-year returns for SSBs have remained above 3%.
Meanwhile, the Singapore 10-year government bond chart has been down-trending for yield hunters.
This guarantees lower returns on the October 2024 issue of the SSB.
For every issue of the Singapore Savings Bonds, the returns shall always equal the ten-year reference SGS yield if it is held to maturity.
Nevertheless, the yield for the next issue of SSB is expected to be in the attractive range of 2.7%.
The SSB yield can be determined without guesswork with official documentation detailing the calculations, or you can always use a free tool to do so.
Singapore Savings Bonds Issues From 2016 to 2024
From the troughs of 2020 and 2021, SSB returns have since inched upwards because the Fed embarked on interest rate hikes in an attempt to combat inflation.
Allotment Result For SSB August 2024 (SBAUG24 GX24080W)
Below are the details of the September 2024 issue of Singapore Savings Bonds.
Total offered = $900 millionTotal applied = $829 millionTotal allotted = $799 millionQuantity ceiling = n/a
The maximum amount of