Monday, June 24, 2024

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3.33% Yield, Third Highest in Latest Occasions

Subsequent month’s Singapore Financial savings Bond (SSB) June 2024 situation provides a really enticing 3.33% common yield over 10 years. Purposes shut 28 Might 2024 9pm. This month’s SSB yield is the third highest in latest occasions, solely surpassed by the three.47% yield of Dec 2022 SSB and the three.40% yield of Dec 2023 SSB.

Why This Month’s SSB is Price Contemplating

Though rates of interest are anticipated to remain increased for longer, SSB yields haven’t been capable of maintain above 3.4%. Perhaps third time’s a allure, however I don’t depend on the off-chance.

10-year SGS bond yields have began to melt once more after hitting its peak of shut to three.5% in late April 2024. Presently, charges are hovering round 3.3% so except charges flip again upwards quickly, SSB yield for the next month is unlikely to surpass the present provide of three.33%.

Banks have began to decrease

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