SINGAPORE: Good news for investors! Higher returns await as Singapore Savings Bond yields rise to 3.16%, marking the fourth straight increase.
The latest SSB series opened on Sept 4, offering an appealing 3.05% interest rate in the first year. The real deal here is the 10-year mark, with a solid 3.48% interest rate, outperforming the previous series with a 10-year average return of 3.06%. This series also started strong with a first-year rate of 3.01% on Sept 1.You have until Sept 26 to join
, and the bonds will be issued on Oct 2. It’s a big deal, with a whopping S$800 million in bonds up for grabs, a step up from the last series with S$600 million.have been on the upswing since a low in May at 2.81%. The trend took off in November when it hit 3.47%, catching investors’ attention. These changes are in response to the Federal Reserve’s interest rate shifts.
Even though interest slowed down this year, experts like Gerald Wong, the founder and CEO of Beansprout, think there’s more to come.Wong expects 10-year SSB yields to rise in sync with government bonds, but how long this will last is anyone’s guess.
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