Current higher yields on Singapore Savings Bonds and Treasury Bills unlikely to last: analysts
November 27, 2024 / /
December tranche gives a 10-year average return of 2.81%; sees S$164.8 million in applications versus S$600 million on offer
THE latest Singapore Savings Bond (SSB), allotted on Wednesday (Nov 27), recorded a rise in the number of applications, with the rate higher than that of the previous tranche.
The December tranche offers a first-year interest rate of 2.66 per cent, and a 10-year average return of 2.81 per cent.
This surpasses the interest rates for the last two tranches of the SSBs. The November issuance, which saw yields slip to record lows for 2024, offered a first-year interest rate of 2.25 per cent, and a 10-year average return of 2.56 per cent.
Copyright The Business Times. All rights reserved.
Posted in Fashion
